Hershey to purchase top Mexican confectioner

Hershey Foods' subsidiary in Mexico announced it will acquire Grupo Lorena, makers of the Pelon Pelo Rico brand of candies. "It [the acquisition] significantly increases our existing business in Mexico and supports our strategy of profitability building scale in the key North American market," said Hershey Foods' chairman, president and CEO Richard H. Lenny. Terms of the deal were not disclosed.

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