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    Tuesday, May 14, 2024

    Hershey dips into meat market with purchase of Krave Jerky

    New York - Hershey has a sudden hankering for protein, with plans to add jerky to its lineup.

    The maker of sugar-high inducing treats like Reese's, Kit Kat and Twizzlers says it's buying Krave Jerky for an undisclosed sum. Krave, based in Sonoma, California, positions itself as a premium jerky with no artificial ingredients and comes in flavors like black cherry barbecue, basil citrus and lemon garlic.

    Michele Buck, president of Hershey North America, said in a phone interview with The Associated Press that the company plans to continue expanding its offerings across the "snacking continuum" through acquisitions and in-house development. While The Hershey Co. is already strong player in sweet treats, the Krave deal is intended to give it a foothold in snacks people see as healthy fuel. The push to expand beyond impulsive sweets comes as Americans' addiction to snacking grows. Rather than sticking to three meals a day, people are increasingly grazing on smaller bites around the clock.

    - Associated Press

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