date:Sep 10, 2012
ace, we are excited to move forward in this rapidly growing market, Lindsay concluded.
For the year ended December 31, 2011, the Godrej Hershey joint venture had net sales of about $80 million. The portion of the net loss for the full year attributable to Hershey was approximately $7 million. When the Godrej Hershey joint venture was announced in 2007, annual net sales were about $70 million.
As a result of this transaction there is no change to the financial outlook provided by Hershey on Jul