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Hershey to acquire 80% of Shanghai Golden Monkey Food
date:Dec 20, 2013
Hershey Netherlands B.V., a wholly-owned subsidiary of The Hershey Co., has signed an agreement to acquire 80% of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China. The transaction is the latest in a series of investments Hershey has made in China in recent years. In May, the company opened its Asia Innovation Center in Shanghai.

Founded in 1996, Shanghai Golden Monkey manufactures, markets and distributes Golden Monkey bran

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