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In 1921, 320 dairy farmers met in St. Paul, Minnesota, to form the Minnesota Cooperative Creameries Association. Their idea was simple—join together to effectively market and distribute members dairy production across the country. From there, we quickly set our sights on growth. Just eight years after establishing our butter marketing organization, we expanded into the ag services and feed businesses. Our international journey kicked off 52 years later, as we began relaying the lessons we had learned to support local agriculture in developing nations around the world. Those efforts have also helped us expand our commercial business beyond the borders of the United States. Today, our four businesses give us a farm-to-fork view of agriculture. Pair this with our farmer ownership and we are uniquely qualified to fulfill our purpose of feeding human progress around the world, while always delivering on our responsibility to member-owners through our core values. We are united in a common cause, committed to excellence and inspired by our place in the world—but there are no shortcuts. We have never lost sight of the value of a hard days work.
Beaumont Select Corporations Inc. is a management corporation, which manages investments in a portfolio of equity securities as well as assets in the food processing and real estate industries. The Food Division concentrates on providing high quality private label and branded products of a specialty nature in the frozen food sector. These products are distributed to food wholesalers and retailers in North America including most major retail chains. The Food Unit is the largest processor of perogies and the largest private label processor of panzerottis in Canada, on a poundage basis through its wholly owned subsidiary Naleway Foods Ltd. The production facility is located in Winnipeg. The Corporation has a portfolio of equity securities held for investment purposes overseen by the Corporation's Investment Division. The Investment Division operates within investment guidelines established by the Board of Directors of the Corporation and reports to the Investment Committee of the Board. The Real Estate Division owns an industrial building in Winnipeg with a total area of approximately 30,000 square feet. The building is leased on a long-term basis to Naleway Foods Ltd. The Real Estate division also looks for developed and undeveloped real estate acquisition opportunities that can assist in the improvement, diversification and enhancement of the Corporation' s financial returns. Beaumont trades on the TSX Venture exchange under the ticker BMN.A
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The Hershey Company (NYSE: HSY), headquartered in Hershey, Pa., is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. Hershey has approximately 13,000 employees around the world who work every day to deliver delicious, quality products. The company, which has more than 80 brands around the world that drive over $7.1 billion in annual revenues, includes such iconic brand names as Hershey's, Reese's, Hershey's Kisses, Jolly Rancher and Ice Breakers. Hershey is focused on growing its presence in key international markets while continuing to build its competitive advantage in North America. Additionally, Hershey is poised to expand its portfolio into categories beyond confectionery, finding new ways to bring goodness to people everywhere. At Hershey, goodness has always been about more than delicious products. For 120 years, Hershey has been committed to good business by operating fairly, ethically and sustainably to make a positive impact on society. This means contributing to a better life for its employees, consumers, communities, and, ultimately, creating a bright future for children in need. This commitment is exemplified by Milton Hershey School, established in 1909 by the company's founder and administered by Hershey Trust Company. The children who attend the school receive education, housing, and medical care — thriving as direct beneficiaries of The Hershey Company's success.