HERSHEY, PA. — The Hershey Co. has entered into a definitive agreement to acquire Lily’s, a maker of low-sugar chocolate products. Financial terms of the transaction were not disclosed.
Based in Boulder, Colo., Lily’s markets an assortment of stevia-sweetened chocolate bars, baking chips and other confections such as peanut butter cups and coated nuts and popcorn. A broad offering of flavors spans dark, extra dark, milk and white chocolate style varieties. Products are available in more than 24,000 retail outlets nationwide.