Hershey gobbles up One Brands

BOULDER — Nutrition bar maker One Brands LLC has inked an agreement to be acquired by The Hershey Co. (NYSE:HSY) for $397 million.

The deal helps the candy giant expand it’s “better-for-you brand portfolio,” which currently includes the Oatmega product line. Oatmega was absorbed as part of Hershey’s 2018 acquisition of Amplify Snack Brands Inc.

“Our consumer proposition, brand equity and team provide us with confidence, especially when combined with an industry leader like Hershey,” One Brands CEO Peter Burns said in a prepared statement.

Burns was formerly the president…