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Farley's and Sathers. Farley's and Sathers, as an independent company, was formed in January 2002 in Round Lake, Minnesota from assets purchased from Kraft Foods for a reported $50 million. [10][52] At the time, 2001 sales of the brands and products acquired were estimated to be $220 million.
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Unable to have children of his own, Milton S. Hershey, founder of the Hershey Company, founded the Hershey Industrial School in 1909 for white orphaned boys. [50] In 1918, three years after the death of his wife, Milton Hershey donated around $90 million to the boarding school in trust, as well as 40% of the Hershey Company's common stock. [ 51 ]
In 1982, the Mars candy bar company rejected a product placement offer for the inclusion of its key product M&M's in the Steven Spielberg film, E.T. the Extra-Terrestrial. Hershey accepted an offer for use of Reese's Pieces in the movie, and with the film's blockbuster success its product sales dramatically increased, perhaps as much as 300%. [21]
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