Bitcoin sets a new all-time high above $6,000 >>> READ MORE

Hershey, 3D Systems Join Forces for 3D Printed Candy

Hershey has the best-selling candy brand in the U.S.


Hershey (HSY) is teaming with 3D printer-maker 3D Systems (DDD) to integrate 3D printing technology into the candy production process. The news sent DDD stock up almost 4% in Thursday morning trading.

Hershey's bar chocolate 630
Source: Flickr

Terms of the multi-year deal were not disclosed. A Hershey executive noted that the nation’s top candy producer was always looking to “embrace new technologies.” 3D printing technology could be used to create new types of candy products for Hershey. It may also be used to improve the production of existing Hershey brands.

SSYS Stock – Stratasys Shares, Other 3D Printing Stocks Sink on Outlook
SSYS Stock – Stratasys Shares, Other 3D Printing Stocks Sink on Outlook

Hershey produces Reese’s Peanut Butter Cups, the top-selling candy brand in the U.S. Reese’s Peanut butter cups are estimated to have generated about $2 billion in revenue for Hershey last year.

In October, Hershey launched its first new candy in three decades, a chewy caramel candy called “Lancaster.”

Hershey is also taking on Nutella, the popular hazelnut-flavored snack spread from Italy’s Ferrero, by introducing a line of chocolate-flavored snack spreads.

Shares of HSY gained modestly on Thursday. HSY stock has rise more than 28% over the past year.

More on 3D Printing Stocks:

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC