# Who does The Hershey Company pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/hershey-company · Facet: suppliers · Updated: 2026-09-24T12:55:58.862565+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: The Hershey Company's confirmed suppliers/cost counterparties include Nestlé S.A., Packaging Corporation of America plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 cost edges, backed by 6 dated sources, 2 of them primary filings (as of 2026-09-24).

### LesserEvil (high)
- metric: Amount $815M · 2025-11-18 · Preliminary total purchase consideration for the LesserEvil acquisition
- note: Hershey acquired organic popcorn and puffed-snack maker LesserEvil in November 2025. The preliminary purchase consideration allocated to net assets was $815.15 million.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-17) https://www.sec.gov/Archives/edgar/data/47111/000162828026008586/hsy-20251231.htm: "On November 18, 2025, we completed the acquisition of LesserEvil, LLC."
- [confirms] The Hershey Company (EN, ir, published 2025-11-19) https://hershey.gcs-web.com/news-releases/news-release-details/hershey-completes-acquisition-lesserevil-expanding-consumer: "The Hershey Company has closed its acquisition of LesserEvil."

### Nestlé (high)  → /nestle.md
- note: Hershey manufactures and sells Kit Kat and Rolo in the United States under a license from a Nestlé entity. It exceeded the minimum unit-volume requirement in 2025, but does not disclose payments.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-17) https://www.sec.gov/Archives/edgar/data/47111/000162828026008586/hsy-20251231.htm: "Société des Produits Nestlé SA | Kit Kat, Rolo | United States | Minimum unit volume sales exceeded in 2025."

### Barry Callebaut (high)
- note: Barry Callebaut manufactures and supplies liquid chocolate and finished products to Hershey's North American business under a long-term agreement. Contract value and volume are not disclosed.
- [mentions] The Korea Economic Daily (KO, news, published 2025-07-23) https://www.hankyung.com/article/202507236601i: "Hershey said the increase reflects higher ingredient costs, including the unprecedented surge in cocoa prices."
- [mentions] International Cocoa Organization (EN, research, published 2025-02-28) https://www.icco.org/wp-content/uploads/Cocoa-Market-Report-February-2025.pdf: "Hershey reported that it expect the surge in cocoa prices to put significant pressure on 2025 earnings."
- [confirms] SEC EDGAR (EN, filing, published 2023-02-17) https://www.sec.gov/Archives/edgar/data/47111/000004711123000012/hsy_20221231exhibit107.htm: "Callebaut will produce, package and deliver the Products for Hershey only at Callebaut's Facilities."
- [confirms] Barry Callebaut (EN, ir, published 2021-09-02) https://www.barry-callebaut.com/en-IN/about-us/media/news-stories/hershey-and-barry-callebaut-extend-strategic-supply-agreement: "Barry Callebaut will continue to supply Hershey's North American business with liquid chocolate and finished products."

### 패키징 코퍼레이션 오브 아메리카 (high)  → /packaging-corporation-of-america.md
- note: The Hershey Company listed PCA among its global Tier 1 pulp and paper packaging suppliers for 2024 but did not disclose the customer-specific purchase amount.
- [confirms] The Hershey Company (EN, ir, published 2025-11-25) https://www.thehersheycompany.com/content/dam/hershey-corporate/documents/pdf/Hershey%27s%20Pulp%20and%20Paper%20Sourcing%20Data.pdf?1=: "Packaging Corporation of America appears in Hershey’s 2024 Tier 1 supplier list."

Reverse side: https://valuechain.wiki/hershey-company/customers.md · Ripple: https://valuechain.wiki/hershey-company/ripple.md

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