The Hershey Company

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The Hershey Company (NYSEHSY), known until April 2005 as the Hershey Chocolate Corporation[6] and commonly called Hershey's, is the largest chocolate manufacturer in North America.[7] Its headquarters are in Hershey, Pennsylvania, which is also home to Hershey's Chocolate World. It was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, a subsidiary of his Lancaster Caramel Company. Hershey's candies and other products are sold worldwide.[7]

Hershey's is one of the oldest chocolate companies in the United States, and an American icon for its chocolate bar. It is one of a group of companies established by Milton Hershey. Other Milton Hershey established companies include Hershey Trust Company, and Hershey Entertainment and Resorts Company, which runs Hersheypark, a chocolate-themed amusement park, the Hershey Bears minor professional hockey team, Hersheypark Stadium and the GIANT Center. Most of the employees for the Factory come from the surrounding counties,towns and boroughs, such as Lebanon County, Hummelstown, South Hanover, and Harrisburg.

Contents

History

After completing an apprenticeship to a confectioner in 1873, Milton Snavely Hershey founded a candy shop in Philadelphia, which failed six years later.[8] After trying unsuccessfully to manufacture candy in New York, Hershey returned to Pennsylvania, where he founded the Lancaster Caramel Company, whose use of fresh milk in caramels proved successful.[8] In 1900, Hershey sold his caramel company for $1,000,000[8] (US$24,613,670.55 in today's currency) and began to concentrate on chocolate manufacturing. In 1903, Hershey began construction of a chocolate plant in his hometown, Derry Church, Pennsylvania, which later came to be known as Hershey, Pennsylvania.[8] The milk chocolate bars manufactured at this plant proved successful, and the company grew rapidly thereafter.

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