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Chocolate Chip Cookie Dough
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Hershey’s Q4 earnings call today reviewed the company’s savory snack strategy, the success of its most recent acquisition — low-sugar, high-protein bar company ONE Brands — and what the company has learned from jerky brand KRAVE not reaching expectations.
Day two of NOSH Live Winter 2019, held today in Santa Monica, California, offered insight from industry leaders on growing and scaling brands, cutting through the noise of a crowded space and when to follow your gut when making pivotal business decisions.
Just over a month ago, global snacking and confection company The Hershey Company announced its acquisition of low-sugar, high-protein nutrition bar company One Brands. In this video, NOSH Editor Carol Ortenberg sat down with One Brands CEO Peter Burns to discuss the acquisition and what made the two brands a sweet pairing.
As part of its shift from confection to a broader snacking platform, Hershey announced yesterday its acquisition of the low-sugar, high-protein ONE Brands portfolio. The purchase price, which was financed with cash on hand as well as short term borrowings, was $397 million.
The collision of seemingly complementary consumer preferences — the desire to cut sugar and the desire to have a “clean label” — has actually created a conundrum for nutrition bar makers, and they’re making tough strategic decisions regarding the use of sugar alcohols as a result.
From an Indian-inspired condiment maker getting into more doors with a new product, to a chickpea snack producer growing its distribution with a familiar flavor, here’s your latest in natural distribution news.