Food
Hershey looks to cut jobs, costs
The Hershey Co. plans to shed jobs this year as it battles higher cocoa prices and sluggish sales.The cuts will amount to less than 5%
Joel Berg
February 9, 2024
The Hershey Co. plans to shed jobs this year as it battles higher cocoa prices and sluggish sales.The cuts will amount to less than 5%
In a bid to reduce debt and cut expenses, Hanover-based Utz Brands is unloading some of its snack brands and plants, including a facility in the Lititz area.In a deal valued at $182.5 million, the snack maker is selling plants in Manheim Township and Littletown, N.C. as well as the lease for a plant in Las Vegas, […]
A York County pretzel maker is looking to boost sales in both new and existing channels following a fresh infusion of venture capital. York-based White Rose Ventures has poured $500,000 into The Pretzel Co., which was founded in 2014 as York City Pretzel Co. White Rose previously invested $250,000 in the soft-pretzel maker, which is based in Manchester Township. […]
Flinchbaugh Engineering, an employee-owned contract manufacturer based in Hellam Township, York County, has purchased Billet Industries, a precision manufacturer also based in Hellam Township. Terms of the transaction, which took effect Jan. 1, were not disclosed.The acquisition reflects an effort by Flinchbaugh to diversify its business, according to a press release.The company makes a variety […]
A Swedish company is hoping to strengthen its foothold in North America through the acquisition of Red Lion Controls, a specialty manufacturer based in Springettsbury Township, York County. HMS Networks has agreed to pay $345 million for Red Lion Controls in an all-cash deal slated to close in the first half of 2024. Red Lion Controls, which […]
Ecore International, a Lancaster-based company that makes flooring from recycled rubber, has purchased a Cumberland County company that collects and refurbishes old tires. The company, Newville-based Ameritread, fits in with Ecore’s goal of reusing and repurposing rubber products but also produces scrap that Ecore can incorporate into its own products. Terms of the transaction were not disclosed. […]
A private equity firm focused on manufacturing has acquired ATI Corp., a family-owned company that makes equipment used in excavation and site preparation.Terms of the deal with Houston-based LDR Growth Partners were not disclosed.Based in East Earl Township, Lancaster County, ATI had been owned by Jansen Herr.The company — which employs more than 30 people at a 40,000 […]
To settle allegations that it violated federal law during a union election at a Virginia plant, The Hershey Co. has agreed to a do-over under a settlement with federal regulators.In the original election, held in early 2022, workers at the Stuarts Draft plant rejected joining the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.But the union filed […]
One of the worlds’ largest recycled cardboard-box makers is planning to plow $500 million over the next decade into its Pennsylvania operations, which include a plant in the Carlisle area. The company is Pratt Industries, which has annual sales north of $6 billion and Australian-born businessperson Anthony Pratt at its helm. In a statement, Pratt said his company’s investment in Pennsylvania […]
A subsidiary of the Cumberland Area Economic Development Corp. is exploring an acquisition of a recently shuttered Carlisle factory.The subsidiary, called the Real Estate Collaborative LLC, has signed a letter of intent to buy the plant formerly operated by The Frog, Switch & Manufacturing Co. at 800 E. High St. in the Cumberland County borough. But first, the […]
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