During the past year, Dot’s Homestyle Pretzels ranked sixth in the nation for pretzels sales. The brand is made with bold flavors such as Honey Mustard and Southwest flavors, and has grown from a small mom-and-pop operation to an ever-expanding retail network. The brand is now available in more than 70 retail locations across the country.
The company is owned by The Hershey Company, the world’s largest chocolate manufacturer. The combined purchase price is $1.2 billion. This is the second largest deal in Hershey’s history. The companies will be operated in partnership by the leadership teams. The companies will focus on continuing to grow both businesses. They will take a phased approach to integrating the businesses. They will expect the transaction to close in the first quarter of 2019.
Dot’s Pretzels and Pretzels Inc. are the companies that will be acquired by Hershey. The companies are located in Indiana, Kansas, and North Dakota. The two companies had combined sales of $275 million in the past year. The combined company will be a significant contributor to Hershey’s snacking powerhouse vision. The Hershey Company is expected to make a $450 million investment in a new pretzel factory. The company has been watching Dot’s Pretzels for years. Hershey Company Chairman and CEO John P. Menke said that the purchase will “accelerate” Hershey’s snacking powerhouse mission. The two companies will be subject to regulatory approvals.
Dot’s and Pretzels are currently sold in a few grocery stores and convenience stores in the Central and Western U.S. The brands are known for their bold flavors and are popular at parties and tailgates. They are considered a staple snack across the country.
Dot Henke started the company over a decade ago. She is a native of North Dakota and currently lives in Velva, North Dakota. She started the company after experimenting with pretzels in her home kitchen. She found that people were fascinated by the flavor of her pretzels. She would then give them to friends and family. After sharing the pretzels, people would want more.
Dot’s and Pretzels have a consistent demographic profile, which includes a wide range of consumers. They appeal to a variety of ages, and their products are made with a special blend of ingredients. They have grown from a small Mom-and-Pop operation to a brand that is now sold in all 50 states. The company also has a strong reputation for safety and quality. Despite growing sales, Dot’s Pretzels have remained a relatively small company, with just over 400 employees. They currently have four factories located in three states.
Dot’s Pretzels is a great fit for Hershey. The company is a snacking powerhouse and is committed to safety and quality. Dot’s Pretzels will be able to reach more consumers than ever before, thanks to the combined company. Combined, the two companies will have net sales of $275 million in the 12 months ended September 2021. The combined company is expected to be slightly accretive to earnings in 2022 and 2023. The Hershey Company also expects the combined business to be slightly profitable in 2023.