SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 1996
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HERSHEY FOODS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware I-183 23-0691590
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
100 Crystal A Drive, Hershey, Pennsylvania 17033
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (717) 534-6799
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Page 1 of 3 Pages
Exhibit Index - Page 3
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
On December 30, 1996, Hershey Foods Corporation ("Hershey") completed the
acquisition of the Leaf North America confectionery operations of Huhtamaki Oy
("Huhtamaki"). On that date, Hershey also completed the sale of its European
operations, Gubor Holding GmbH ("Gubor") and Sperlari Srl ("Sperlari"), to
Huhtamaki. The consideration paid by Hershey to Huhtamaki, after taking into
account Huhtamaki's purchase of Gubor and Sperlari, was approximately US $330
million.
In addition, Hershey and Huhtamaki entered into a trademark license
arrangement on December 30, 1996. Pursuant to the terms of this licensing
arrangement Hershey will have the right to manufacture, market and distribute
products under the licensed trademarks in North, Central and South America. The
trademarks licensed to Hershey under the licensing arrangement include JOLLY
RANCHER, WHOPPERS, GOOD & PLENTY, PAYDAY, HEATH, MILK DUDS, XYLIFRESH, SUPER
BUBBLE and RAINBLO.
Hershey Foods announced the completion of the above transactions in a
press release dated December 30, 1996, incorporated herein by reference and a
copy of which is filed herewith as Exhibit 99.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 10, 1997
HERSHEY FOODS CORPORATION
By /s/ Robert M. Reese
Robert M. Reese
Vice President,
General Counsel and Secretary
Page 2 of 3 Pages
Exhibit Index - Page 3
Exhibit Index
Exhibit No. Description
99 Press Release dated December 30, 1996