Who Owns Reese’s?

5 months ago
2 mins 23 secs

If you enjoy eating chocolate-covered peanut butter candies, you might be familiar with Reese’s and question, “Who owns Reese’s?”. As an American company, Reese’s specializes in chocolate cups containing peanut butter, a product that attracts consumers globally. But who owns it?

The Hershey Company owns Reese’s, a leading chocolate maker. Reese’s was the brainchild of H.B. Reese and Milton S. Hershey, who founded the company in 1928. Many candy brands are on the market, but Reese’s is among the best-selling candy brands. According to the company, approximately $2 billion is the total earnings annually by Reese’s.

This article will provide more information on the Reese’s brand, including who owns Reese’s.

What is Reese’s?

Reese’s is an American chocolate products company specializing in chocolate cups filled with peanut butter. The Hershey Company markets them. 

Reese’s peanut butter cups are at the top of the most popular candy brands list. The candy company also manufactures one of the most popular chocolate brands, Kit Kat in the United States.  

In the United States, Reese’s ranked as the top-selling candy brand. Today, Reese’s generates approximately $2 billion annually.

Reese’s now produces variations of the candy, including size variations, filling variations, and coating variations. Size variations include Minis, Miniatures, and Big Cup. 

While filling variations include Crunchy, Double Crunch, Marshmallow, and Coating variations include Fudge, Dark Chocolate, and White Crème.

Reese’s also offered limited holiday editions on special occasions, such as Reese’s Peanut Butter Hearts, Peanut Butter Pumpkins, Reese’s Peanut Butter Ghosts, etc.

Who Owns Reese’s?

At present, Reese’s is owned by The Hershey Company, one of the largest chocolate manufacturers in the World.  

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The company was founded in 1928 by H.B Reese, an ex-farmer and shipping manager for the American chocolatier and businessman Milton S. Hershey. H.B Reese resigned from his job to start his own business. 

In 1928, when H.B Reese founded the candy company in the basement of his home, he started with a few candy products. Reese’s peanut butter chocolate cups quickly became so popular that he eventually discontinued producing his other products. 

The founder of Reese’s died in 1956, and the company passed on to his sons, Ed, John, and Robert. In July 1963, the Reese brothers signed an agreement with Hershey Chocolate Corporation to merge it with the Reese’s Candy Company.

Conclusion

Founded by a dairy farmer in 1928, Reese’s Candy Company is now famous and manufactures chocolate on a global scale. The founder of Reese’s candy company, H.B Reese, started selling candy in 1928 from his basement. Reese’s chocolate cups gained so much popularity that he eventually ceased producing his other products.

Today. Reese’s produces a wide variety of chocolate products. Their Peanut Butter Chocolate Cup is the most famous and popular product across the United States.

In terms of who owns Reese’s Candy Company, that would be the Hershey Company.

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