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Hershey takes control of Colorado protein drink maker

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

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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.

 

Jim T. Ryan

Jim T. Ryan

Jim T. Ryan covers Cumberland County, manufacturing, distribution, transportation and logistics. Have a tip or question for him? Email him at jimr@cpbj.com. Follow him on Twitter, @JimTRyanCPBJ.

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