Two major macadamia nut brands will soon be owned by the same company.
Hawaiian Host Inc. announced Tuesday that it will purchase Mauna Loa Macadamia Nut Corp. from The Hershey Company for an undisclosed amount of money.
When the acquisition is completed, Mauna Loa will join Hawaiian Host as a subsidiary, Hawaiian Host says. Both companies will continue operating as two distinct, separate brands.
“This acquisition will create a great opportunity for both companies, our employees and the community,” said Keith Sakamoto, Hawaiian Host president and CEO. “It brings Mauna Loa back under Hawaii ownership, joins together two strong, local brands, and lays the foundation for continued success.”
The acquisition is expected to be finalized in the first quarter of 2015. There are no immediate staff changes planned and details of the acquisition will not be released, Hawaiian Host says.
Both companies have a long history of operating in Hawaii. Hawaiian Host created the now-iconic chocolate covered macadamias with a history dating back to 1927.
Mauna Loa is one of the largest macadamia nut processors in the world, having planted its very first macadamia nut trees near Keaau, just south of Hilo, in 1946. It was acquired by The Hershey Company in 2004.