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Pretzel's Incorporated

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Namestring
Pretzel's Incorporated
Legal namestring
Pretzels, Inc.
Company typeenum
Private
Founded yearint
1978
Descriptiontext

Pretzel's Incorporated is a US-based B2B snack manufacturer founded in 1978 in Bluffton, Indiana, by Bill Mann and Bill Huggins. The company specializes in private label and contract manufacturing of pretzel and baked snack products, serving grocery, mass, natural, and club retail channel partners with custom formulations under retailer-owned brands. Its product portfolio spans traditional pretzel twists, co-extruded filled pretzels (e.g., peanut butter filled nuggets introduced in 2013), post-bake topically seasoned pretzels, specialty and component products, and seasonal offerings. The company also operates Harvest Road as a sub-brand enabling retail customers to test product lines before committing to their own private label launches.

The company's underlying manufacturing technology centers on advanced baking capability combined with co-extrusion processes for filled snacks and post-bake topical seasoning application. Pretzel's Inc. operates three state-of-the-art manufacturing facilities (Bluffton/Indiana, Plymouth/Indiana, and Lawrence/Kansas), supported by a 120,000+ square foot expansion completed at Plymouth in 2020 and an on-site Innovation Center staffed by food scientists, processing experts, and certified bakers. Production flexibility includes 22 baked snack sizes and shapes, 25 packaging options ranging from 0.5oz pouches to 700lb totes, and certifications including SQF Level III, Gluten Free, and Non-GMO.

The business model is transaction-based private label and contract manufacturing. Pretzel's Inc. does not sell directly to consumers; instead, it manufactures pretzel products under retailer-owned brands and supplies them through four US retail channels. Pricing is quote-based and not publicly disclosed. In 2021, the company was acquired by The Hershey Company, integrating Pretzel's Inc. into Hershey's broader snack strategy and providing access to corporate capital and distribution. Revenue is not separately disclosed by Hershey.

Short descriptiontext

Pretzel's Incorporated is a US-based B2B private label and contract manufacturer of pretzel and baked snack products, serving grocery, mass, natural, and club retail channels. Founded in 1978 and acquired by The Hershey Company in 2021, it operates three manufacturing facilities with an on-site Innovation Center for custom product development.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersBluffton, United States
HQ citystring
Bluffton
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
private label snacks, contract manufacturing, baked pretzels, filled pretzels, co-extrusion snacks
Industry2 codes
1Pretzels & Salted Snacks
CodeCRADABAIPrimaryYes
2Pretzels & Savory Baked Snacks Manufacturing
CodeAFAKAIADPrimaryNo
NAICS code2 codes
  • Snack Food Manufacturing31191
  • Cookie, Cracker, and Pasta Manufacturing31182
SIC code2 codes
  • Bakery Products2050
  • Cookies & Crackers2052
Product category
Private Label Snack Manufacturing
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Private Label Snack Manufacturing
TypeTransaction Fee
Description

Manufactures pretzel products for private label brands sold through grocery, mass, natural, and club retail channels. Revenue is transaction-based from product sales to retail channel partners.

pretzels-inc.com
2Contract Manufacturing Services
TypeTransaction Fee
Description

Provides contract manufacturing services to CPG companies and retailers requiring custom pretzel and snack production capabilities.

pretzels-inc.com
3Harvest Road Brand
TypeTransaction Fee
Description

Own brand positioned as a testing platform for retailers to validate product lines before launching their own private label brands.

pretzels-inc.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1Harvest Road
Description

Brand for testing product lines or new innovations prior to launching private label brands.

pretzels-inc.com
Core offering1 text field

Pretzel's Incorporated is a B2B private label and contract snack manufacturer that produces baked pretzel products — including filled, seasoned, traditional, specialty, and seasonal varieties — for grocery, mass, natural, and club retail channels. The company operates three state-of-the-art manufacturing facilities, an Innovation Center for custom product development, and offers 22 baked snack sizes/shapes plus 25 packaging options ranging from 0.5 oz pouches to 700 lb totes.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Customized snack development through Innovation Center partnerships
Product overview1 text field

Pretzel's Incorporated offers a portfolio of pretzel products organized into five core categories: Filled Pretzels (including co-extruded/filled nuggets), Seasoned Pretzels (post-bake topically seasoned varieties), Traditional Pretzels (classic baked snack twists), Speciality & Components (specialty offerings and pretzel components), and Seasonal items. The company also operates Harvest Road as a sub-brand for customers wanting to test product lines before launching their own private label brands. Their contract manufacturing division provides 22 baked snack sizes and shapes, co-extruded/filled nugget production, and topical seasoning capabilities across three state-of-the-art facilities.

Product and service7 records
1Filled Pretzels
CategoryCore product line
Description

Co-extruded and filled pretzel nuggets, including peanut butter filled varieties, manufactured for private label customers across grocery, mass, natural, and club channels.

2Seasoned Pretzels
CategoryCore product line
Description

Post-bake topically seasoned pretzels with various flavor profiles, leveraging in-house post-bake topical seasoning technology for private label customers.

3Traditional Pretzels
CategoryCore product line
Description

Classic baked pretzel twists and snack products manufactured as core private label offerings.

4Specialty & Components
CategoryCore product line
Description

Specialty pretzel products and pretzel components supplied for various customer applications and formulations.

5Seasonal Pretzels
CategoryCore product line
Description

Seasonal pretzel offerings available for limited-time availability to retail private label customers.

6Harvest Road Sub-Brand
CategorySub-brand
Description

Sub-brand enabling retail customers to test product lines or new innovations prior to launching their own private label brands.

7Contract Manufacturing Services
CategoryManufacturing service
Description

Custom pretzel and baked snack production services for CPG companies and retailers, offering 22 baked snack sizes/shapes and 25 packaging options from 0.5 oz pouches to 700 lb totes across three state-of-the-art facilities.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move10 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

U.S.-based snack manufacturer offering pretzels, potato chips, cheese snacks, and baked snacks through both branded and private label programs across grocery and club channels. Comparable in product breadth and channel coverage.

TypeDirect peer
Description

Family-owned snack manufacturer producing pretzels, chips, cheese curls, and other salty snacks, with both branded and private label distribution across U.S. retail channels. Comparable in scale and channel strategy.

TypeDirect peer
Description

North American snack manufacturer producing pretzels, chips, and popcorn through branded and private label programs primarily in U.S. Midwest and Canada. Comparable in product mix and B2B private label exposure.

TypeDirect peer
Description

Acquired by Hershey in 2021 (same year as Pretzels Inc.), Dot's is a rapidly-growing seasoned pretzel brand now part of Hershey's salty snacks portfolio. Direct intra-portfolio peer sharing a parent and competing in the same pretzel category.

TypeBroad incumbent
Description

Dominant North American salty snack manufacturer producing pretzels (Rold Gold), chips, and extruded snacks across grocery, mass, and foodservice. Far larger scale, but a direct category competitor particularly in branded and private label pretzel segments.

TypeDirect peer
Description

Manufacturer of pretzels, baked snacks, and crackers with both branded and private label offerings sold through grocery and mass channels. Direct competitor in pretzel manufacturing with similar product format breadth.

TypeDirect peer
Description

Manufacturer of Snyder's of Hanover pretzels and broader salty snack portfolio, owned by Campbell Soup Company's snacks division. Operates branded pretzel manufacturing at scale and is a direct competitor in pretzel production and snack retail sales.

TypeDirect peer
Description

One of the largest independent private label snack manufacturers in North America, producing salty snacks including pretzels, potato chips, and extruded snacks for grocery, mass, and club channels. Closest direct comparable given its B2B private label snack manufacturing model with multi-format capability.

TypeDirect peer
Description

U.S. snack manufacturer of pretzels, potato chips, cheese snacks, and popcorn distributed through grocery and convenience channels. Owned by Arca Continental (Mexico) post-2022 acquisition, providing a comparable mid-size salty snack peer.

TypeDirect peer
Description

Premium kettle-cooked chip and snack brand owned by Campbell Snacks. While focused on chips rather than pretzels, it competes for the same retailer snack aisle and private label programs as Pretzels Inc.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Pretzel's Incorporated

Private Label Snack Manufacturingpretzels-inc.com

Pretzel's Incorporated is a US-based B2B private label and contract manufacturer of pretzel and baked snack products, serving grocery, mass, natural, and club retail channels. Founded in 1978 and acquired by The Hershey Company in 2021, it operates three manufacturing facilities with an on-site Innovation Center for custom product development.

What Pretzel's Incorporated does

Pretzel's Incorporated is a US-based B2B snack manufacturer founded in 1978 in Bluffton, Indiana, by Bill Mann and Bill Huggins. The company specializes in private label and contract manufacturing of pretzel and baked snack products, serving grocery, mass, natural, and club retail channel partners with custom formulations under retailer-owned brands. Its product portfolio spans traditional pretzel twists, co-extruded filled pretzels (e.g., peanut butter filled nuggets introduced in 2013), post-bake topically seasoned pretzels, specialty and component products, and seasonal offerings. The company also operates Harvest Road as a sub-brand enabling retail customers to test product lines before committing to their own private label launches.

The company's underlying manufacturing technology centers on advanced baking capability combined with co-extrusion processes for filled snacks and post-bake topical seasoning application. Pretzel's Inc. operates three state-of-the-art manufacturing facilities (Bluffton/Indiana, Plymouth/Indiana, and Lawrence/Kansas), supported by a 120,000+ square foot expansion completed at Plymouth in 2020 and an on-site Innovation Center staffed by food scientists, processing experts, and certified bakers. Production flexibility includes 22 baked snack sizes and shapes, 25 packaging options ranging from 0.5oz pouches to 700lb totes, and certifications including SQF Level III, Gluten Free, and Non-GMO.

The business model is transaction-based private label and contract manufacturing. Pretzel's Inc. does not sell directly to consumers; instead, it manufactures pretzel products under retailer-owned brands and supplies them through four US retail channels. Pricing is quote-based and not publicly disclosed. In 2021, the company was acquired by The Hershey Company, integrating Pretzel's Inc. into Hershey's broader snack strategy and providing access to corporate capital and distribution. Revenue is not separately disclosed by Hershey.

Pretzel's Incorporated firmographics

Firmographics
Name
Pretzel's Incorporated
Legal name
Pretzels, Inc.
Website
https://pretzels-inc.com
Company type
Private
Founded year
1978
Operating status
Operating
Headcount range
251–500 employees
Short description
Pretzel's Incorporated is a US-based B2B private label and contract manufacturer of pretzel and baked snack products, serving grocery, mass, natural, and club retail channels. Founded in 1978 and acquired by The Hershey Company in 2021, it operates three manufacturing facilities with an on-site Innovation Center for custom product development.
Ownership category
akta.pro rank

Pretzel's Incorporated industry classification

Industry
Product category
Private Label Snack Manufacturing
NAICS
Snack Food Manufacturing (31191), Cookie, Cracker, and Pasta Manufacturing (31182)
SIC
Bakery Products (2050), Cookies & Crackers (2052)
akta.pro primary industry
Pretzels & Salted Snacks (CRADABAI)
akta.pro secondary industry
Pretzels & Savory Baked Snacks Manufacturing (AFAKAIAD)

Keywords

  • Private label snacks
  • Contract manufacturing
  • Baked pretzels
  • Filled pretzels
  • Co-extrusion snacks

Where Pretzel's Incorporated is headquartered

Location

Headquarters

HQ city
Bluffton
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Pretzel's Incorporated business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

  1. Private Label Snack Manufacturing: Manufactures pretzel products for private label brands sold through grocery, mass, natural, and club retail channels. Revenue is transaction-based from product sales to retail channel partners.
  2. Contract Manufacturing Services: Provides contract manufacturing services to CPG companies and retailers requiring custom pretzel and snack production capabilities.
  3. Harvest Road Brand: Own brand positioned as a testing platform for retailers to validate product lines before launching their own private label brands.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Pretzel's Incorporated product offering

Product offering

Core offering

Pretzel's Incorporated is a B2B private label and contract snack manufacturer that produces baked pretzel products — including filled, seasoned, traditional, specialty, and seasonal varieties — for grocery, mass, natural, and club retail channels. The company operates three state-of-the-art manufacturing facilities, an Innovation Center for custom product development, and offers 22 baked snack sizes/shapes plus 25 packaging options ranging from 0.5 oz pouches to 700 lb totes.

Product overview

Pretzel's Incorporated offers a portfolio of pretzel products organized into five core categories: Filled Pretzels (including co-extruded/filled nuggets), Seasoned Pretzels (post-bake topically seasoned varieties), Traditional Pretzels (classic baked snack twists), Speciality & Components (specialty offerings and pretzel components), and Seasonal items. The company also operates Harvest Road as a sub-brand for customers wanting to test product lines before launching their own private label brands. Their contract manufacturing division provides 22 baked snack sizes and shapes, co-extruded/filled nugget production, and topical seasoning capabilities across three state-of-the-art facilities.

Differentiator

Problem solved

Functional benefit

Brands

  • Harvest Road: Brand for testing product lines or new innovations prior to launching private label brands.

Products and services

  • Filled Pretzels Co-extruded and filled pretzel nuggets, including peanut butter filled varieties, manufactured for private label customers across grocery, mass, natural, and club channels.
  • Seasoned Pretzels Post-bake topically seasoned pretzels with various flavor profiles, leveraging in-house post-bake topical seasoning technology for private label customers.
  • Traditional Pretzels Classic baked pretzel twists and snack products manufactured as core private label offerings.
  • Specialty & Components Specialty pretzel products and pretzel components supplied for various customer applications and formulations.
  • Seasonal Pretzels Seasonal pretzel offerings available for limited-time availability to retail private label customers.
  • Harvest Road Sub-Brand Sub-brand enabling retail customers to test product lines or new innovations prior to launching their own private label brands.
  • Contract Manufacturing Services Custom pretzel and baked snack production services for CPG companies and retailers, offering 22 baked snack sizes/shapes and 25 packaging options from 0.5 oz pouches to 700 lb totes across three state-of-the-art facilities.

Quantifiable outcome

  • Customized snack development through Innovation Center partnerships

Companies that use Pretzel's Incorporated

Customer profile

Segments1 record

Ideal customer profiles2 records

Pretzel's Incorporated technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Pretzel's Incorporated partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Pretzel's Incorporated competitors and assessment

Company assessment

Direct peers

  • Utz Brands: U.S.-based snack manufacturer offering pretzels, potato chips, cheese snacks, and baked snacks through both branded and private label programs across grocery and club channels. Comparable in product breadth and channel coverage.
  • Herr's Foods: Family-owned snack manufacturer producing pretzels, chips, cheese curls, and other salty snacks, with both branded and private label distribution across U.S. retail channels. Comparable in scale and channel strategy.
  • Old Dutch Foods: North American snack manufacturer producing pretzels, chips, and popcorn through branded and private label programs primarily in U.S. Midwest and Canada. Comparable in product mix and B2B private label exposure.
  • Dot's Homestyle Pretzels (Hershey): Acquired by Hershey in 2021 (same year as Pretzels Inc.), Dot's is a rapidly-growing seasoned pretzel brand now part of Hershey's salty snacks portfolio. Direct intra-portfolio peer sharing a parent and competing in the same pretzel category.
  • Bachman Company: Manufacturer of pretzels, baked snacks, and crackers with both branded and private label offerings sold through grocery and mass channels. Direct competitor in pretzel manufacturing with similar product format breadth.
  • Snyder's-Lance (Campbell Snacks): Manufacturer of Snyder's of Hanover pretzels and broader salty snack portfolio, owned by Campbell Soup Company's snacks division. Operates branded pretzel manufacturing at scale and is a direct competitor in pretzel production and snack retail sales.
  • Shearer's Foods: One of the largest independent private label snack manufacturers in North America, producing salty snacks including pretzels, potato chips, and extruded snacks for grocery, mass, and club channels. Closest direct comparable given its B2B private label snack manufacturing model with multi-format capability.
  • Wise Foods (Arca Continental): U.S. snack manufacturer of pretzels, potato chips, cheese snacks, and popcorn distributed through grocery and convenience channels. Owned by Arca Continental (Mexico) post-2022 acquisition, providing a comparable mid-size salty snack peer.
  • Kettle Brand (Campbell Snacks): Premium kettle-cooked chip and snack brand owned by Campbell Snacks. While focused on chips rather than pretzels, it competes for the same retailer snack aisle and private label programs as Pretzels Inc.

Broad incumbents

  • Frito-Lay (PepsiCo): Dominant North American salty snack manufacturer producing pretzels (Rold Gold), chips, and extruded snacks across grocery, mass, and foodservice. Far larger scale, but a direct category competitor particularly in branded and private label pretzel segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Pretzel's Incorporated compliance and trust

Trust signal

Compliance3 records

Pretzel's Incorporated financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Pretzel's Incorporated leadership team

Management profile

Number of profiles

Pretzel's Incorporated funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Pretzel's Incorporated M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pretzel's Incorporated

What does Pretzel's Incorporated do?

Pretzel's Incorporated is a B2B private label and contract snack manufacturer that produces baked pretzel products — including filled, seasoned, traditional, specialty, and seasonal varieties — for grocery, mass, natural, and club retail channels. The company operates three state-of-the-art manufacturing facilities, an Innovation Center for custom product development, and offers 22 baked snack sizes/shapes plus 25 packaging options ranging from 0.5 oz pouches to 700 lb totes.

Is Pretzel's Incorporated a public or private company?

Pretzel's Incorporated is a private company. It is classified as corporate owned and is currently operating.

When was Pretzel's Incorporated founded?

Pretzel's Incorporated was founded in 1978. It employs 251 to 500 people.

Where is Pretzel's Incorporated based?

Pretzel's Incorporated is headquartered in Bluffton, United States, in the North America region.

How does Pretzel's Incorporated make money?

Three revenue lines are on record. Private Label Snack Manufacturing is the primary driver. The others are contract Manufacturing Services and harvest Road Brand.

Who are Pretzel's Incorporated's main competitors?

Direct peers on record are Utz Brands, Herr's Foods, Old Dutch Foods, Dot's Homestyle Pretzels (Hershey), Bachman Company, Snyder's-Lance (Campbell Snacks), Shearer's Foods, Wise Foods (Arca Continental) and Kettle Brand (Campbell Snacks). Frito-Lay (PepsiCo) is listed as a broad incumbent.

Does Pretzel's Incorporated have an API?

No public API is recorded for Pretzel's Incorporated.

What industry is Pretzel's Incorporated in?

Pretzel's Incorporated's product category is Private Label Snack Manufacturing. Its primary akta.pro industry code is CRADABAI, Pretzels & Salted Snacks, with a secondary code of AFAKAIAD, Pretzels & Savory Baked Snacks Manufacturing. Its NAICS code is 31191 and its SIC code is 2050.

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Live signals
The Hershey CompanyHershey Announces Intent to Acquire Dot's Homestyle Pretzels and Pretzels Inc.The Hershey Company announced a definitive agreement to acquire Dot's Pretzels LLC and Pretzels Inc. for approximately $1.2 billion, aiming to expand its salty snacking portfolio and manufacturing capabilities. The transaction, which includes the acquisition of three Pretzels Inc. manufacturing facilities, is expected to close by the end of 2021 pending regulatory approval.The Hershey CompanyHershey Reports First-Quarter 2022 Financial Results; Raises 2022 Net Sales and Earnings OutlookThe Hershey Company reported a 16.1% increase in first-quarter net sales to $2,666.2 million and raised its full-year financial outlook for both net sales and earnings per share. The strong performance was driven by price realization, volume growth from inventory replenishment, and contributions from recent acquisitions including Pretzels Inc., Dot's Pretzels, and Lily's Sweets.PR NewswireHershey Announces New Reportable SegmentsThe Hershey Company announced it is restructuring its reportable segments from two (North America and International and Other) to three new segments: North America Confectionery, North America Salty Snacks, and International, effective with its Q4 and year-end 2021 financial results. The change follows the December 2021 acquisitions of Dot's Pretzels, LLC and Pretzels Inc., and aims to better align the company's business structure with how it manages operations and assesses performance. The segment reorganization has no impact on Hershey's historical consolidated results, financial position, or cash flows.Evoke PharmaHershey Announces New Reportable SegmentsThe Hershey Company announced a restructuring of its reportable segments from two to three: North America Confectionery, North America Salty Snacks, and International. This change follows the December 2021 acquisitions of Dot's Pretzels and Pretzels Inc., aiming to better align with market positions and management practices. The company will begin reporting financial results under these new segments starting with its fourth-quarter and year-end 2021 results.PR NewswirePEAK ROCK CAPITAL AFFILIATE SELLS PRETZELS, INC. TO THE HERSHEY COMPANYAn affiliate of Peak Rock Capital closed the sale of Pretzels, Inc. to The Hershey Company on December 15, 2021. Pretzels, headquartered in Bluffton, Indiana with additional facilities in Plymouth, Indiana and Lawrence, Kansas, is a manufacturer of pretzels and extruded snack products that had been acquired by Peak Rock from founding families in 2018. During Peak Rock's ownership, the company expanded its production capacity and created over 300 new manufacturing jobs, and Hershey views the acquisition as an opportunity to expand its salty snacks portfolio.PR NewswireHershey Completes Acquisition of Dot's Pretzels and Pretzels Inc.The Hershey Company announced on December 14, 2021 that it had completed its acquisition of Dot's Pretzels, Dot's Homestyle Pretzels and Pretzels Inc., a leading U.S. pretzel manufacturer. The combined purchase price was $1.2 billion, roughly $1 billion net of expected future tax benefits. Hershey said Dot's Pretzels was the fastest-growing U.S. pretzel brand, accounting for 55 percent of category growth last year, and will integrate the businesses in phases.MarketWatchHershey to spend $1.2 billion to buy Dot's Pretzels and Pretzels Inc.Hershey Co. announced Wednesday it will pay $1.2 billion to acquire Dot's Pretzels LLC, parent of Dot's Homestyle Pretzels, and Pretzels Inc. from an affiliate of Peak Rock Capital. The two companies reported combined sales of about $275 million for the 12 months ended September 2021, with Pretzels Inc. operating three facilities in Indiana and Kansas. Hershey's stock fell 1.6% over three months.DelimarketnewsHershey Reveals Plan to Acquire Dot's Homestyle Pretzels and Pretzels, Inc.; Michele Buck and Dot Henke CommentThe Hershey Company has announced a definitive agreement to acquire Dot's Pretzels and Pretzels, Inc. for approximately $1.2 billion, aiming to enhance its presence in the salty snack category. Dot's Pretzels captures 55 percent of the growth in the pretzel market over the past year, and this acquisition is expected to deepen Hershey's expertise in the pretzel category and boost its overall snacking portfolio.Fox BusinessHershey to buy Dot's Pretzels for $1.2BThe Hershey Company announced Wednesday it agreed to acquire Dot's Homestyle Pretzels and its manufacturer, Pretzels Inc., in a $1.2 billion deal. The companies reported roughly $275 million in aggregate net sales for the 12 months ended Sept. 2021. Hershey said Dot's Pretzels accounted for 55 percent of pretzel category growth last year.PR NewswirePretzels, Inc. Announces Significant Expansion With New Facility In KC RegionPretzels, Inc. announced plans to construct a 150,000-square-foot production facility in VenturePark in Lawrence, Kansas, expected to be operational by late 2021. The new facility will create jobs and expand the company's production capacity to better serve markets in the western and southern United States. The company, a portfolio company of Peak Rock Capital, has already completed a 120,000-square-foot expansion at its Plymouth, Indiana facility earlier this year.