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Hershey Foods acquires the leader in macadamia ...(Newsletter)(Brief Article)
Pennsylvania-based Hershey Foods Corp. entered into an agreement to acquire Hilo, Hawaii-based Mauna Loa Macadamia Nut Corp. from The Shansby Group, a private equity investment firm. Manna Loa is the leading processor and marketer of macadamia snacks, with annual sales of approximately $80 million and a 40% share in macadamia nuts.
"Mauna Lao's portfolio of premium macadamia nuts, nut-based confections and cookies is a great …
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