Hershey Increases Stake, Takes Controlling Interest in Mix1
With a recent $6 million investment, The Hershey Company now owns a controlling interest in mix1 Beverage Company. In its annual report filed with the Securities and Exchange Commission on Friday, Hershey revealed that it had made the investment in January and increased its ownership interest in mix1 to approximately 69 percent. Hershey’s investment was part of $7.25 million that mix1 had raised in two rounds of funding last month.