Hershey to buy Pirate's Booty, move it to Austin

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Hershey Co. is upping its investment in snacks with the purchase of Pirate Brands for $420 million. The transaction is expected to close in the fourth quarter of 2018, the company said, subject to regulatory approvals and other closing conditions. Pirate Brands snacks include Pirate’s Booty, Smart Puffs and Original Tings. All this translates to a win for Austin and its growing consumer-packaged good sector. That's because Hershey will base Pirate Brands at a growing innovation hub of sorts here. "We...

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