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Hershey completes purchase of Pirate Brands

The Hershey Co. said Oct. 17 that it completed its acquisition of the Pirate Brands snack business from B&G Foods Inc.

The purchase includes a portfolio of puffed rice and corn snack brands including Pirate's Booty, Smart Puffs and Original Tings. The price was $420 million, or about $360 million net of tax benefits.

The Pennsylvania-based chocolate giant, which first announced the deal in September, said it planned to grow the Pirate Brands portfolio in the coming years.