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TheStreet Open House

Hershey's First New Brand In 30 Years Launches In The United States

HERSHEY, Pa., Oct. 10, 2013 /PRNewswire/ -- Today The Hershey Company (NYSE: HSY) announced it is launching a new confectionery brand in the United States called Lancaster™. The new brand will feature a line of caramel soft cremes that will roll out nationwide in January 2014.

(Photo:  http://photos.prnewswire.com/prnh/20131010/NY95260 )

The introduction of the Lancaster brand marks a significant milestone for The Hershey Company, as it's the first time the company has launched a new brand that is not a brand extension or acquisition in the past 30 years. The new brand is rooted in Hershey's heritage and is inspired by Milton Hershey's original confection company, The Lancaster Caramel Company.

Lancaster Soft Cremes will offer a long-lasting and unique taste experience that is distinct from the typical caramels that dominate the category. The surprisingly soft, rich and creamy Lancaster Soft Cremes provide a modern caramel taste experience to meet a growing consumer demand. The soft cremes were inspired by similar candies that company founder, Milton Hershey, made more than 120 years ago in his original candy company located in Lancaster, Pa. As Mr. Hershey's first successful candy company, The Lancaster Caramel Company established his reputation in the confectionery industry and provided the foundation for the launch of The Hershey Company which first produced sweet chocolate as a coating for the caramels before creating the iconic Hershey's® Milk Chocolate bar.

"The launch of Lancaster Soft Cremes takes Hershey back to the early days of our founder Milton Hershey and his truly innovative spirit and desire to make great tasting, high-quality products for consumers," said Steven Schiller, Senior Vice President Sweets and Refreshment, The Hershey Company. "The Lancaster brand will delight all consumers looking for a rich and indulgent experience as they savor our new soft cremes that are rooted in our company's deep history."

Earlier this year, Hershey successfully launched the Lancaster brand in China, which underscored the company's deep commitment to China, as well as the importance of the market in Hershey's global growth plans.  The launch of Lancaster brand in China marked the first time a brand launch originated outside of the United States. The initial launch in May included three cities – Wuhan, Hangzhou and Chengdu – and will be followed by a wider distribution in China in 2014.

Lancaster Soft Cremes will be available in the United States in three flavors, including Caramel, Vanilla and Caramel and Vanilla and Raspberry, and will be officially launched in the United States in January 2014.  Lancaster Soft Cremes will be widely available at Food, Mass, Drug and Convenience retail channels around the country and will be offered in 8oz bags that retail for $3.99 and 4oz bags that retail for $2.49. The new brand will be supported by a robust integrated marketing campaign that will begin in the first quarter of 2014.

About The Hershey Company

The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and approximately 14,000 employees.

With revenues of more than $6.6 billion, Hershey offers confectionery products under more than 80 brand names, including such iconic brands as Hershey's, Reese's, Hershey's Kisses, Hershey's Bliss, Hershey's Special Dark, Kit Kat, Twizzlers, Jolly Rancher and Ice Breakers. The company is focused on growing its presence in key international markets such as China, Mexico and Brazil while continuing to build its competitive advantage in the United States and Canada.

For more than 100 years, The Hershey Company has been a leader in making a positive difference in the communities where its employees live, work and do business. Corporate Social Responsibility is an integral part of the company's global business strategy, which includes goals and priorities focused on fair and ethical business dealings, environmental stewardship, fostering a desirable workplace for employees, and positively impacting society and local communities. Milton Hershey School, established in 1909 by the company's founder and funded by a trust administered by Hershey Trust Company, provides a quality education, housing, and medical care at no cost to children in social and financial need. Students of Milton Hershey School are direct beneficiaries of The Hershey Company's success.

SOURCE The Hershey Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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