Hershey acquires minority stake in natural snacks company Quinn

The Hershey Company has acquired a minority stake in natural snack company Quinn by making an undisclosed investment.

The buy-in was part of Quinn’s additional Series D funding round, which was also joined by its existing investors.

Founded in 2010, Quinn offers microwave popcorn, pretzels and pretzel chips. The company has distribution in more than 7,500 stores across the US.

The company is said to have achieved a 65% growth in revenue this year compared with last year.

Hershey CFO Steve Voskuil said: “Quinn shares Hershey’s commitment to sustainable business practices, inclusivity, listening to consumers, and being transparent about how their products are made and what goes into them.

“Its emergence as a leader in natural foods is impressive, and we look forward to supporting their next phase of growth.”

Commenting on the deal, Quinn founder and CEO Kristy Lewis said: “We are thrilled to have the support of Hershey, a company that is leading the way in gender equality by fostering an inclusive work environment and closing the pay gap.

“Hershey’s keen eye for category disrupting brands and building them into household names makes them an invaluable partner. After ten years of creating a solid foundation to build from, we are looking forward to the next chapter in our story.”