In the late 1930s, Hershey confronted labor unrest as a Congress of Industrial Organizations-backed union attempted to organize the factory workers. In 2022, after 59 years of stock splits, the original 666,316 shares of Hershey common stock received by the Reese family represented 16 million Hershey shares valued at more than $3.6 billion, paying annual cash dividends of $66.3 million. As of September 20, 2012, Reese's was the best-selling candy brand in the United States, with sales of $2.603 billion, and the fourth-best-selling brand globally, with sales of $2.679 billion. In 1969, only six years after the Reese/Hershey merger, Reese's Peanut Butter Cups became The Hershey Company's top seller. Reese Candy Company merged with the Hershey Chocolate Corporation in a tax-free stock-for-stock merger. Reese died on May 16, 1956, in West Palm Beach, Florida, leaving the company to his six sons. Harry Burnett Reese invented Reese's Peanut Butter Cups after founding the H.B. Goodbar (peanuts in milk chocolate) in 1925, Hershey's Syrup in 1926, semi-sweet chocolate chips (a mixture of milk and dark chocolate) in 1928, and the Krackel bar with crisped rice in 1938. Today, over 70 million candies are produced daily. The introduction of machine wrapping in 1921 sped up the process and added a small paper ribbon to the top of the package, indicating that it was a genuine Hershey product. At first, each was wrapped by hand in a square of aluminum foil. In 1907, he introduced a new candy: bite-sized, flat-bottomed, conical pieces of chocolate that he named Hershey's Kiss. The milk chocolate bars from this plant proved popular, and the company grew rapidly. ![]() To increase employee morale, Hershey provided leisure activities and created what would later become Hersheypark. The town was an inexpensive place for the workers and their families to live, though the factory was built without windows, so that employees would not be distracted. In 1903, Hershey began construction of a chocolate plant in his hometown of Derry Church, Pennsylvania, later known as Hershey, Pennsylvania. To people who questioned him, he said, "Caramels are just a fad, but chocolate is a permanent thing." The use of fresh milk in caramels proved successful, and in 1900, after seeing chocolate-making machines for the first time at the 1893 World's Columbian Exposition in Chicago, Hershey sold his caramel company for $1,000,000 (equal to $35,176,000 today), and concentrated on chocolate. History 19th century įurther information: Hershey bar, Hershey's Kiss, Hersheypark, Krackel, and Mr. 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. The companies have had a tumultuous relationship marked by multiple lawsuits over trademark issues. The Hershey Company has no affiliation to Hershey Creamery Company, though both companies were founded in Lancaster County, Pennsylvania, in the same year. It is also associated with the Hersheypark Stadium and the Giant Center. ![]() In addition, Hershey is a member of the World Cocoa Foundation. It has three large distribution centers with modern labor management systems. Hershey's chocolate is available in 60 countries. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company. ![]() ![]() Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Company was founded by Milton S. 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, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, United States, which is also home to Hersheypark and Hershey's Chocolate World.
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