Hershey Co plans to buy the remaining 49 percent in its Indian joint venture with Godrej Industries Ltd that it does not already own, giving it full control of a chocolate business in one of the world's biggest markets.
Hershey Co plans to buy the remaining 49 percent in its Indian joint venture with Godrej Industries Ltd that it does not already own, giving it full control of a chocolate business in one of the world's biggest markets.
Hershey said it will buy out its partner and another minority shareholder.
Hershey will assume about $47.6 million in debt, and will own the Maha Lacto and Nutrine candy brands and the Jumpin and Sofit beverage brands, as well as the related factories.
Copyright @ Thomson Reuters 2012
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