ReichmannHauer gains 22 pct IRR on sale of Allan Candy to Hershey

Canadian private equity firm ReichmannHauer Capital Partners (RHCP) has achieved an exit on the recent sale of Allan Candy Co Ltd to The Hershey Company (NYSE: HSY). RHCP's Philip Reichmann said the firm saw an internal rate of return of 22 percent as a result of the deal, the financial terms of which were not disclosed. RHCP bought Allan Candy, a Mississauga, Ontario-based manufacturer of sugar confectionery and chocolate products, from Cadbury Adams Canada Inc in June 2007. The U.S.-based Hershey said the acquisition adds to its brands portfolio and manufacturing capacity.

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