Hershey Proposes to Acquire Krave Pure Foods
01.30.15
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The Firm is representing The Hershey Company (“Hershey”) in connection with its proposed acquisition of Krave Pure Foods, Inc. (“Krave”). Krave is a leading producer of all-natural, premium jerky, which is the fastest-growing sub-segment of the estimated $2.5 billion U.S. meat snacks category. Hershey is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. The closing of the transaction is subject to customary closing conditions. Financial terms of the transaction were not disclosed.
The Simpson Thacher team includes Marni Lerner, Lauren Colasacco and Edward Bersuder (M&A); Devin Heckman (Tax); David Rubinsky, Aimee Adler and Joo Hyun Lee (Executive Compensation and Employee Benefits); Lori Lesser and Genevieve Dorment (Intellectual Property); Timothy Mulvihill (Environmental); and Michael Naughton and William Kearney (Regulatory).