RTTNews | May 18, 2021 09:16AM EDT

09:16 Tuesday, May 18, 2021 (RTTNews.com) - Hershey Co. (HSY) said that it agreed to buy Lily's, better-for-you confectionery brand. Lily's low-sugar products include dark and milk chocolate style bars, baking chips, peanut butter cups and other confection products that fit Hershey's multi-pronged better-for-you snacking strategy.

Hershey noted that the acquisition will be financed with cash on hand as well as short-term borrowings. Lily's acquisition is expected to be slightly accretive to earnings in the first full year post closing.

The acquisition is expected to close in the next few months.

Read the original article on RTTNews ( https://www.rttnews.com/3195744/hershey-to-buy-lily-s-confectionery-brand-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved