Milton Hershey opened a candy store in 1873, which failed six years later. His next venture was the Lancaster Caramel Company which pioneered the use of fresh milk in caramels.
In 1900 Hershey saw chocolate-making machines for the first time. He sold his caramel company and began to concentrate on manufacturing chocolate.
In 1903 Hershey began the construction of a chocolate factory in his hometown of Derry Church, Pennsylvania. Derry Church later became known as Hershey, Pennsylvania.
In 1907 the company introduced a new candy, the Hershey’s Kiss. Mr Goodbar followed in 1925, Hershey’s Syrup in 1926, semi-sweet chocolate chips in 1928, and Krackel bars in 1938.
Today Hershey’s is a global leader and North America’s top chocolate producer. The company’s most well-known products include Reese’s Peanut Butter Cups, Kit Kat wafer bar, Twizzler’s licorice, and Mound’s candy bar.
The Hershey Company is publicly traded on the New York Stock Exchange under the symbol HSY, is a member of the S&P 500, is #366 in the Fortune 500, has 16,140 employees, and had $8 billion in revenue in 2019.