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BRIEFLY

July 23, 1988

Cadbury Schweppes PLC said it will sell its U.S. operations to Hershey Foods Corp. in a deal that will allow the Hershey, Pa.-based company to make and market the popular Peter Paul Mounds and Almond Joy candy bars and other confectionery products. Under terms of their agreement, Hershey will acquire Cadbury's three U.S. plants for $300 million, including the assumption of debt. The plants are located in Hazleton and York, Pa., and in Naugatuck, Conn. Hershey also will make and distribute Cadbury candy in the United States including York Peppermint Pattie, Carmello, Creme Eggs and other products under a licensing agreement.

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