Agilent Technologies Inc. Entered Into An Exclusive Supply Agreement With LipoScience Inc. (A, HSY)
[The Hershey Company has reached an agreement to acquire the 49 percent stake in Godrej Hershey Ltd. that it does not own, primarily from Godrej Industries Ltd. and another minority shareholder]
Online PR News – 08-September-2012 –Agilent Technologies Inc. (NYSE:A) A reported today that it has entered into an exclusive supply agreement with LipoScience Inc. to provide nuclear magnetic resonance (NMR) components for LipoSciences Vantera Clinical Analyzer. The analyzer is the first fully-automated NMR diagnostic platform designed specifically for the clinical laboratory and cleared by the U.S. Food and Drug Administration. Agilent Technologies Inc. is the worlds premier measurement company and a technology leader in chemical analysis, life sciences, diagnostics, electronics and communications. The companys 20,000 employees serve customers in more than 100 countries. A had net revenues of $6.6 billion in fiscal 2011. Information about A is available at www.agilent.com.
The Hershey Company (NYSE:HSY) HSY reported today that it has reached an agreement to acquire the 49 percent stake in Godrej Hershey Ltd. that it does not own, primarily from Godrej Industries Ltd. (Godrej) and another minority shareholder. Including the assumption of about $47.6 million in debt, which is already consolidated by Hershey as the majority shareholder, the company will own the Maha Lacto and Nutrine candy brands and the Jumpin and Sofit beverage brands as well as the related manufacturing facilities. The transaction is expected to close by the end of the third quarter and the new entity will transition to use the name Hershey India as it becomes a wholly owned subsidiary of The Hershey Company. As part of the transaction, the minority shareholders will receive an undisclosed cash consideration. The transaction gives Hershey an opportunity to integrate Godrej Hershey into the companys global business platform and leverage corporate resources across the chocolate and sweets and refreshment strategic business units. Over time, Hersheys goal is to evolve into a faster growing India market leader in the food and beverage space. HSY is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and approximately 12,000 employees. With revenues of more than $6 billion, Hershey offers confectionery products under more than 25 brand names, including such iconic brands as Hershey's, Reese's, Hershey's Kisses, Hershey's Bliss, Hershey's Special Dark, Kit Kat, Twizzlers, Jolly Rancher and Ice Breakers. Hershey also offers premium and artisan chocolate products under such brands as Scharffen Berger and Dagoba through the Artisan Confections Company, a wholly owned subsidiary. The company is focused on growing its presence in key international markets such as China and Mexico while continuing to build its competitive advantage in the United States and Canada. For more than 100 years, HSY has been a leader in making a positive difference in the communities where its employees live, work and do business. Corporate Social Responsibility is an integral part of the companys global business strategy, which includes goals and priorities focused on fair and ethical business dealings, environmental stewardship, fostering a desirable workplace for employees, and positively impacting society and local communities. For more information about The Hershey Company visit www.hersheys.com.
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