Sour Strips acquired by The Hershey Company
The Hershey Company acquired Sour Strips, a US confectionery brand, on Nov 8, 2024.
Preliminary: The transaction value is not yet independently verified.
Transaction summary
- Target
- Sour Strips
- Acquirer
- The Hershey Company
- Seller
- Actual Candy, LLC
- Announced
- 2024-11-08
- Completed
- 2024-11-08
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-10
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
USD 75.5M
Unverified
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period not stated
Basis: FundComb estimate
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Basis
- Reported enterprise value: USD 75.5m.
Source summary
The Hershey Company 10-Q, filed 2026-07-30
ConfirmedAcquisition of Sour Strips by The Hershey Company.
Open sourceThe Hershey Company 10-Q, filed 2026-07-30
ConfirmedOn November 8, 2024, we completed the acquisition of the Sour Strips brand from Actual Candy, LLC. Sour Strips is an emerging sour candy brand and is available in a wide range of food distribution channels in the United States.
Open sourceThe Hershey Company 10-Q, filed 2026-07-30
ConfirmedOn November 8, 2024, we completed the acquisition of the Sour Strips brand from Actual Candy, LLC.
Open sourceContinue your research
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