Hershey completed the acquisition of Dot's Pretzel and Peak Rock Capital-backed Pretzels for $1.2bn.

Hershey, a chocolate manufacturer, completed the acquisition of Dot's Pretzel, a scale brand in the pretzel category, and Peak Rock Capital-backed Pretzels, a premier snack company, for $1.2bn. "Pretzels will help us expand Hershey's snacking and production capabilities while keeping the special connection to Dot's. It will be important as we continue to grow this already fast-growing brand and create new products in the broader pretzel category," Michele Buck, Hershey President and CEO.