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Hershey Canada pleads guilty of price-fixing

Written by The Associated Press | Jun 21, 2013 11:32 AM
Hershey Chocolate 3.jpg

Photo by The Hershey Company

(Toronto) --  Hershey Canada Inc. faces a fine of U.S. $3.8 million after pleading guilty to its role in fixing the price of chocolate confectionery products in Canada.

Canada's Competition Bureau says the chocolate manufacturer has admitted in the Ontario Superior Court of Justice that it conspired, agreed or arranged to fix the price of chocolate confectionery products in Canada in 2007.

The competition bureau says that Hersey also admitted that in 2007 senior employees communicated with employees at Nestlé Canada Inc., Mars Canada Inc. and an independent distributor network to exchange competitively sensitive pricing information about chocolate confectionery products in Canada.

The bureau earlier this month laid criminal charges against Nestle SA's Canada arm, Mars Inc.'s Canada division and ITWAL Ltd., a network of independent wholesale distributors.

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