Dot’s Pretzels: Hershey to acquire North Dakota's Dot's Pretzels

The Hershey Co. is continuing its expansion into salty snacks, announcing it will acquire a pretzel brand and its co-manufacturer for a total of $1.2 billion. Hershey's said it has entered into a definitive agreement to acquire Fargo, N.D.-based Dot's Pretzels LLC, the owner of Dot's Homestyle Pretzels, and Pretzels Inc., a co-manufacturer of pretzels for Dot's and several other customers. The estimated aggregate net sales for the two businesses were approximately $275 million for the 12 months...