The Hershey Company on Monday announced a deal to buy two manufacturing plants from Weaver Popcorn Manufacturing.
Until now, the popcorn maker co-manufactured Hershey's SkinnyPop brand.
Hershey will acquire Weaver's operations in Bethlehem, Pennsylvania and Whitestown, Indiana.
Hershey says the move will help grow the SkinnyPop brand by strengthening internal supply chain capabilities.
According to Hershey Salty Snack President, Kristen Riggs, SkinnyPop holds the top spot in retail sales growth for ready-to-eat popcorn over the last three years.
Hershey acquired Dot's Pretzels and co-manufacturer Pretzels, Inc. in late 2021 for $1.2 billion to expand its salty snacks footprint.
Weaver is a family-owned and operated company that has been in business for more than 90 years.
Weaver still operates three independent entities, including Weaver Popcorn Manufacturing.
