Hershey to Buy Canada's Brookside Foods

Retail Reuters

Hershey Co said on Thursday that it agreed to buy Canadian chocolate maker Brookside Foods for an undisclosed amount.

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Hershey said it expects the deal to add to earnings in the first year after its closing.

Brookside, based in British Columbia and privately held, makes chocolate-covered fruit juice pieces and chocolate-covered nuts and dried fruit.

Hershey was advised by JP Morgan on the deal while Brookside was advised by Lazard Middle Market.

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