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After completing an apprenticeship to a confectioner in 1876, Milton Snavely Hershey founded a candy shop in Philadelphia, which failed six years later.[7] After trying unsuccessfully to manufacture candy in New York, Hershey returned to Pennsylvania, where he founded the Lancaster Caramel Company, whose use of fresh milk in caramels proved successful.[7] In 1900, Hershey sold his caramel company for $1,000,000[7] (about US$24,000,000 in today's currency) and began to concentrate on chocolate manufacturing.[7] In 1903, Hershey began construction of a chocolate plant in his hometown, Derry Church, Pennsylvania, which later came to be known as Hershey, Pennsylvania.[7] The milk chocolate bars manufactured at this plant proved successful, and the company grew rapidly thereafter. |
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| In 1977, Hershey acquired Y&S Candies, founded in 1845 and now makers of Twizzlers licorice candies. In 1986, Hershey's began a brief foray into cough drops when it acquired the Luden's cough drops brand. By 2001, the brand had been sold to Pharmacia[22] (Ludens is now currently a product of Johnson & Johnson). In 1988, Hershey's acquired the rights to manufacture and distribute many Cadbury-branded products in the United States. Cadbury creme eggs sold in the United States are imported by Hershey from Cadbury in the United Kingdom. |
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