Who founded the Hershey company

Hershey Company

The Hershey Company (until April 2005 Hershey Foods Corporation, colloquial Hershey's) is one of the world's largest chocolate manufacturers.

The company is listed in the S&P 500 share index, ISIN US4278661081. The company is headquartered in Hershey, Pennsylvania, a town that is soaked with the smell of cocoa on some days, and the Hershey's Chocolate World houses. The company was named by Milton S. Hershey in 1894 Hershey Chocolate Company established which was then a subsidiary of his Lancaster Caramel Company formed. The company's confectionery is marketed worldwide. Among other things, Hershey poses with the Reese's Peanut Buttercup one of the best-selling candy bars in the United States and is the producer of Hershey's Tropical Bar, which is part of the U.S. Forces field and emergency rations.

Hershey's is one of the oldest chocolate manufacturers in the USA and therefore has a certain supremacy. The company now owns many other brands of candy and is also involved with the Hershey Entertainment and Resorts Company, the Hersheypark (a chocolate theme park), as well as with the Hershey Bears hockey team, the HersheyPark Stadium and the Giant Center intertwined.

Company history

The best-known product, Hershey's Syrup, was already part of US aid in the post-war period

After training with a pastry chef in 1876, Milton Snavely Hershey founded a candy store in Philadelphia that went bankrupt six years later. After an unsuccessful attempt to make confectionery in New York, Hershey returned to Pennsylvania, where he founded the Lancaster Caramel Company, whose use of fresh milk in caramels proved successful. In 1900, Hershey sold his caramel company for $ 1 million (about 18 million euros based on today's purchasing power) and began making chocolate.

Most of Hershey's chocolate products are not made with traditional European recipes, but with less cocoa and more sugar. Although they are very popular in their home market, they do not achieve the same popularity that chocolate has in Europe or other countries with a stronger chocolate tradition. For this reason, Hershey's market share in these countries is significantly lower than in their home market.

working conditions

In August 2011, the company came under fire when a group of 400 students who were temporary workers at Hershey's protested publicly against working conditions in production and said they had been treated like slave labor.

Web links

  • Chocolate maker
  • Company (Pennsylvania)