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10-K primary document
HSY · Annual Report (Form 10-K) · Filed February 17, 2026

Hershey Co — 10-K exhibit

hsy_20251231exhibit211.htm
Hershey Co on Boardroom Alpha
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Exhibit 21.1
SUBSIDIARIES OF REGISTRANT
Below is a listing of our major subsidiaries as of December 31, 2025, their jurisdictions of incorporation, and the name under which they do business. Each is wholly owned unless otherwise noted.
Subsidiary Name
Jurisdiction of Incorporation
Hershey Netherlands B.V.The Netherlands
Hershey Canada, Inc.Canada
Hershey Mexico S.A. de C.V.Mexico
Hersmex S. de R.L. de C.V.Mexico
Servicios de Hersmex S. de R.L. de C.V.Mexico
Fantastic Candy Brands LLCDelaware
Hershey Chocolate & Confectionery LLCDelaware
Hershey International LLCDelaware
CSH Foods, Inc.Delaware
The Hershey Sourcing CompanyDelaware
The Hershey Sales CompanyDelaware
The Hershey Investment Company, LLCDelaware
The Hershey Licensing CompanyDelaware
The Hershey Insurance Company of VermontVermont
Ripple Brand Collective, LLCNew York
The Hershey Salty Snacks Sales CompanyDelaware
ONE Brands, LLCDelaware
Artisan Confections Company, LLCDelaware
Lily's Sweets, LLCPennsylvania
The Hershey Salty Snacks CompanyDelaware
Pretzel's, Inc.Delaware
Hershey Caribe, Inc.Puerto Rico
Hershey UK Holding LimitedUnited Kingdom
Hershey UK Finance LimitedUnited Kingdom
Hershey Trading GmbHSwitzerland
Hershey India Private LimitedIndia
Nutrine Confectionery Company Private LimitedIndia
Hershey (China) Investment Management Co., Ltd.China
Hershey Chocolate Sales (Shanghai) Co., Ltd.China
Hershey Japan Co., Ltd.Japan
Hershey Philippines, Inc.Philippines
Regional Operating HQPhilippines
Hershey Asia Pacific Pte. Ltd.Singapore
Hershey Malaysia Sdn. Bhd.Malaysia
Hershey (Thailand) Co. Ltd.Thailand
Hershey do Brasil Ltda. Brazil
LesserEvil, LLCConnecticut
Fulfil NA Holdco, LLCDelaware
Fulfil NA GP, LLCDelaware
Leading Edge Operations Company LLCPennsylvania
Hershey Germany GmbHGermany

The Hershey Company | 2025 Form 10-K | Exhibit 21.1
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