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. Last Updated: 07/27/2016

Hershey to Divest Pasta




NEW YORK -- Hershey Foods Corp. is shopping for a buyer for its pasta business, saying that it wants to stick to making chocolate and candy.


Although Hershey has the leading share of the U.S. dry pasta business, the company said its resources would be best used making and selling sweets such as Hershey's Kisses.


Among the likely buyers for the pasta unit, which includes Ronzoni, San Giorgio, Mrs. Weiss and five other brands, are Borden Inc. in Columbus, Ohio, and American Italian Pasta Co. in Excelsior Springs, Missouri.