Tag Archives: Hershey Corporation

Hershey sells Chocolate Avenue plant

4 Oct

Hershey Chocolate. Available to buy online from Moo-Lolly-Bar. To do just that click on this image.The Hershey Company’s founding plant no longer belongs to Hershey, but the company will continue to occupy much of the site even as it eyes expansion to the west.

The company sold the 19 E. Chocolate Ave. plant to Chocolate Realty, a Delaware statutory trust, for $50 million, according to published reports. The deed was transferred last week, stating that Chocolate Realty bought the entire 24-acre property.

Chocolate Realty is a company set up by Net Lease Capital Advisors, a New York-based real estate firm, the report states. Net Lease CFO David Blough did not say what plans, if any, the company has for the property beyond leasing part of it back to The Hershey Co. for at least 30 years.

As part of the sales agreement, Chocolate Realty must maintain the “Hershey Cocoa” bushes along Chocolate Avenue and the iconic twin smokestacks.

“This clears the way for The Hershey Co. to occupy a significant portion of the building as office space for our employees,” Kirk Saville, a spokesman for The Hershey Co., said on Friday afternoon. “This is a 30-year commitment.”

Saville said Friday that the company intends to work “to ensure that the property is developed in a way that complements downtown Hershey.”

The sale was made as The Hershey Co. continues its plans for expansion at the West Hershey plant, which Saville called “the world’s largest and most advanced chocolate factory right here in Derry Township.”

In 2010, the company launched a $250 million to $300 million capital-investment plan to modernize and expand its West Hershey facility and close the 106-year-old facility at 19 E. Chocolate Ave. that founder Milton S. Hershey built.

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Between 400 and 500 employees would be laid off as part of the move. Officials estimated these changes could save the company between $60 million and $80 million annually by the completion of the project.

Known as “Project Next Century,” the expansion is adding 340,000 square feet to the existing West Hershey factory. When complete, the plant will total about 700,000 square feet and will be the largest active production facility for the company. Hershey’s Kisses, Hershey bars, Rolos and Hershey’s syrup will be produced there.

The new facility is scheduled to be fully operational by this time next year, and then Hershey plans to stop production at the old factory.

The Chocolate Avenue facility is only one of several properties the company has indicated it is interested in selling.

The others – all on East Chocolate Avenue – include the former community building that houses The Hershey Co.’s marketing department and the nonprofit Hershey Theatre, as well as another small office building in the town’s square, according to the newspaper report.

One other property has already sold – a small tract across the street from the original factory that is home to Tender Years Child Development Center, according to the report. Tender Years recently bought the property for $1 million.

Article posted by Spencer Samaroo, Managing Director, Moo-Lolly-Bar
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Source and Photo: Lebanon Daily News

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Students, SEIU protest Hershey Chocolate again

28 Sep

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One-thousand labor supporters and student workers took to the streets of the Hershey to protest the chocolate maker Friday afternoon.

They want the company to pay back the students the $3,000 to $6,000 they spent to come to the United States. They say it’s a drop in the bucket for the company to pay.

“When we add that up together, it’s a million dollars to handle all the students that’s one day of profit, so to me it seems that its not too much to ask of Hershey,” Mary Kay Henry, SEIU International President said.

Secondly, they want the jobs the students filled to be given to local workers.

“The four hundred jobs that these students did over the summer, those jobs need to be turned into living wage jobs for people right here in this community,” Henry said.

The Pennsylvania President of the AFL-CIO, Richard Bloomingdale, was on hand Friday, and said Hershey is trying to ignore them.

“They have hunkered down in their corporate headquarters in hopes that it blows over because the students will all be going home and they’ve said well, we’re not going to use the J-1 program anymore so maybe it will all go away,” he said.

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Students who were a part of the program say, it wasn’t what they were expecting.

“The work was totally hard and I didn’t expect something like this and I didn’t know what to do. I didn’t know what to say to my parents because they spent a lot of money to send me here and they just really wanted me to have a great summer here traveling and working,” worker Malwine Siegien said.

Regardless, protestors say these jobs would be better utilized in local workers’ hands.

ABC27 spoke with the Hershey Company and they said that the distribution center in Palmyra where the students work is operated by the Excel Corporation out of Columbus, Ohio.

The Excel Corporation said these students knew what they were signing up for when they joined the program. As for the demand by the unions for the jobs to be made into regular full time positions, they said the jobs are seasonal.

Article posted by Spencer Samaroo, Managing Director, Moo-Lolly-Bar
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Source: ABC 27

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The Hershey Company to Award to International Musician, Juanes

22 Sep

Hershey Chocolate. Available to buy online in Australia from Moo-Lolly-Bar. To do that just click on this image!The Hershey Company, the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery, will present the Vision Award to international musician and philanthropist, Juanes, at the 25th Annual Hispanic Heritage Awards (HHAs) on September 15, 2011 at The John F. Kennedy Center in Washington, D.C. With multi-platinum worldwide sales of more than 15 million albums, Juanes has received a GRAMMY and a record-setting 17 LATIN GRAMMYS throughout his career and was recently named Latin Music’s Star of the Decade by Billboard Magazine.

At this year’s 25th anniversary ceremony, The Hershey Company will present Juanes with the prestigious Vision Award. The award recognizes Juanes’ contributions as a global philanthropist and his extensive work through his Fundacion Mi Sangre organization that fights against the use of anti-personnel mines, as well as provides assistance and rehabilitation services to landmine victims.

“Juanes is an artist in every sense of the word. His talents extend far and beyond the stage and bright lights. It’s refreshing to have an artist of Juanes’ caliber use his voice and platform as a vehicle for change, and most importantly, as an advocate for peace,” said Maria-Esmeralda Paguaga, Executive Producer of the Hispanic Heritage Awards. In addition to his work with Fundacion Mi Sangre, Juanes is a co-founder of the Paz Sin Fronteras (Peace Without Borders) concerts, which seek to unite common citizens across borders and advocate for the continued use of non-violent conflict resolution. Due to his philanthropic work and successful music career, Juanes was named one of TIME’s 100 Most Influential People in the World in 2005.

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“The Hershey Company is dedicated to the Latino community and to making positive differences in the communities where we live and work,” said Bert Alfonso, Chief Financial Officer of The Hershey Company. “We applaud Juanes’ outstanding global philanthropic contributions and support the Hispanic Heritage Foundation as we share and celebrate their mission to identify, inspire, prepare and position Latino leaders to make a strong and constructive impact in their environment.”

For more than 100 years, The Hershey Company has been a leader in making a positive difference in the community. The company’s commitment is exemplified by the Milton Hershey School which was founded in 1909 by Milton S. Hershey and serves children in financial and social need by providing them education, housing, food, medical and psychological health care, recreation opportunities and clothing with no financial obligation to the family. Today, approximately 1,800 boys and girls of diverse backgrounds are served by the School.

The Hershey Company is a Medallion Sponsor of the Hispanic Heritage Foundation, a leadership organization which honors notable Latinos who have distinguished themselves in various fields and made an impact on America through the Hispanic Heritage Awards. The Awards are considered among the highest honor by Hispanics in the United States. Currently in its 25th year, the annual program was created by the White House in 1987 to establish Hispanic Heritage Month in America. In addition to Juanes, the 2011 Hispanic Heritage Awards Honorees include: Roberto Gomez Bolanos (Legend), Jorge Vergara (Business), Dr. Elizabeth Molina Morgan (Math & Science) and Dr. Juan Andrade (Leadership) among others.

Article posted by Spencer Samaroo, Managing Director, Moo-Lolly-Bar
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Source and Photo: PR Newswire

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