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![]() The original Hershey's factory in 1976 | |
Hershey's | |
Formerly |
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Company type | Public |
ISIN | US4278661081 |
Industry | Food processing |
Predecessor | Lancaster Caramel Company |
Founded | February 8, 1894Lancaster, Pennsylvania, U.S.[1] | (as Hershey Chocolate Company) in
Founder | Milton S. Hershey |
Headquarters | 19 E. Chocolate Avenue, Hershey, Pennsylvania , U.S. |
Number of locations | 19 plants[2] (2022) |
Area served | Worldwide |
Key people |
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Brands | List of The Hershey Company brands |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | Hershey Trust Company (minority owner but owns the majority of the voting stock) |
Number of employees | 16,620 (Full-time)[5] (2021) |
Website | thehersheycompany.com |
The Hershey Company, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, which is also home to Hersheypark and Hershey's Chocolate World. The Hershey Company is one of the largest chocolate manufacturers in the world; it also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products. The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company.[6]
Hershey's chocolate is available in 60 countries.[7] It has three large distribution centers with modern labor management systems.[8] In addition, Hershey is a member of the World Cocoa Foundation. It is also associated with the Hersheypark Stadium and the Giant Center.
The Hershey Company has no affiliation to Hershey Creamery Company, though both companies were founded in Lancaster County, Pennsylvania, in the same year. The companies have had a tumultuous relationship marked by multiple legal battles over trademark issues. In the mid-1990s, the companies settled their most recent legal battles out of court, with Hershey Creamery Company agreeing to add a disclaimer to its ice cream products to note that it is not affiliated with the Hershey Company.[9]
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