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Milton S. Hershey, c. 1915 Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American chocolatier, businessman, and philanthropist.. Trained in the confectionery business, Hershey pioneered the manufacture of caramel, using fresh milk.
Milton S. Hershey, creator of The Hershey Company, was a chocolate industrialist and had founded the town of Hershey, Pennsylvania. [8] On November 15, 1909, [9] he and his wife, Catherine Hershey, signed over a 486-acre (1.97 km 2) piece of farmland, forming the Hershey Industrial School. [10]
From 1930 to 1936, Milton Hershey had spent more than $10 million on building up Hershey, Pennsylvania, but he reduced hours of his employees and stopped paying annual bonuses. [ 3 ] : 218–219 In those six years, the Hershey Chocolate Corporation made more than $37 million in after-tax profits.
Hershey Trust also serves as trustee of the Hershey Cemetery Perpetual Care Maintenance Trust. The company was trustee of the Milton S. Hershey Testamentary Trust until 2012. [25] This trust was established in 1945 upon Milton Hershey's death, endowed with his remaining fortune of $900,000, for the benefit of the Derry Township School District ...
Hershey chocolate bars had their origin in Milton Hershey's first successful confectionery business, Lancaster Caramel Company, which was founded in 1886.After seeing German chocolate manufacturing machinery at the World's Columbian Exposition of 1893 in Chicago, Hershey decided to go into the chocolate making business. [2]
The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company. [6] Hershey's chocolate is available in 60 countries. [7]
Hershey. Milton S. Hershey created his iconic chocolate brand before the turn of the 20th century, but before he went into chocolate, he was a caramel man, founding the Lancaster Caramel Company ...
The Milton S. Hershey Mansion, also known as High Point, is a historic house at 100 Mansion Road East in Hershey, Pennsylvania. Built in 1908, it was the home of Hershey Chocolate founder Milton S. Hershey (1857-1945) from 1908 until his death. [ 3 ]