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Hershey takes control of Colorado protein drink maker

By , - Last modified: February 17, 2012 at 4:09 PM

Dauphin County-based The Hershey Co. has acquired a controlling stake in Tri-Us Inc., the Colorado manufacturer of protein drinks called mix1 that Hershey invested in last year, according to a filing with the U.S. Securities and Exchange Commission.

In January, Hershey paid $6 million to acquire a controlling 69 percent of Boulder-based Tri-Us, according to the filing.

Since February of last year, Hershey has owned a 49 percent stake in Tri-Us, which cost the chocolate giant $5.8 million, according to the filing. The acquisition was meant to bolster Hershey’s own efforts at making a cocoa-based protein drink called reGen.

Hershey, based in Derry Township, trades its shares on the New York Stock Exchange under the ticker symbol HSY.


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