Wednesday, January 28, 2009

Hershey Kills Scharffen Berger

by Chris Thompson
Wed, Jan 28, 2009 at 9:38 AM

Aggh! When Hershey bought the West Berkeley specialty chocolate manufacturer Scharffen Berger, local folks got nervous, figuring it was only a matter of time before the company did something to kill it. That time has come. According to the Chron, Hershey plans to close the West Berkeley plant, as well as a specialty truffle plant in San Francisco, and consolidate its boutique operations in a plant in Illinois, although they'll be keeping the brand name. And check this out: Hershey isn't even doing this to cope with the recession. The company's fourth-quarter earnings were $82 million, compared with $54 million from the same period a year ago. And it's projecting 3 percent growth for 2009! Oh, well. We suppose it was too good to last.

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