DENVER, CO – November 11, 2024 – Lolli & Pops, a leading purveyor of premium confections and gift experiences, is delighted to
announce the acquisition of Hammond's Candies, one of the oldest and most beloved candy brands in America. This strategic
acquisition marks a significant milestone in Lolli & Pops' growth strategy that has been underway since being acquired by TerraMar
Capital. Founded in 1920, Hammond's Candies has been a staple in the confectionery industry, known for its handcrafted candy
canes, lollipops, and other nostalgic sweets. With over a century of expertise, Hammond's has built a reputation for quality and
innovation, making it a perfect complement to Lolli & Pops' commitment to delighting customers with unique and memorable candy
experiences.
The acquisition will allow Lolli & Pops to leverage Hammonds' established brand and extensive product line, further enriching the
customer experience across its nationwide stores and online platform. By combining the strengths of both companies, Lolli & Pops
aims to leverage the artisanal craftsmanship of Hammonds while introducing new, exciting products to a broader audience. Andrew
Schuman will continue in his current role as President & CEO of Hammonds.
"We are thrilled to welcome Hammond's to the Lolli & Pops family," said Keri Morris, CEO of Lolli & Pops. "Hammonds' dedication to
creating high-quality, handmade confections aligns perfectly with our vision of providing our customers with the finest and most
delightful treats. This acquisition represents a union of two companies that share a passion for sweetness and a commitment to
excellence."
“Hammonds has had the fortune of developing a world-class portfolio of timeless and innovative snacking and confections products
that has resulted in shared traditions passed down through generations, sweet memories and delightful candies for our loyal
consumers. “Growing Hammond’s for the past 17 years has been an incredibly fulfilling experience” said Andrew Schuman,
President and Co-owner of Hammond’s. “I’m excited about partnering with Lolli & Pops and playing a meaningful role in the
continued growth of both companies going forward.”
This transaction was funded by a new revolving credit facility provided by PNC Bank, a term loan provided by Advantage Capital
Management LLC (“ACAP”) and additional investment from TerraMar Capital. The combined enterprise going forward has some of
the strongest financial backing in the confectionery industry and is well positioned for continued growth both organically and
through acquisitions.
About Lolli & Pops
Lolli & Pops is a leading specialty retailer offering a wide variety of confections, chocolates, and unique sweets from around the
world. With a mission to create moments of joy and delight, Lolli & Pops curates an exceptional selection of treats and gifts that
bring smiles to customers of all ages. For more information, visit www.LolliandPops.com.
About Hammond's Candies
Founded in 1920, Hammond's Candies has been making the world's finest handmade candies for over a century. Known for their
iconic candy canes, lollipops, and other classic sweets, Hammond's continues to delight candy lovers with their commitment to
quality and tradition. For more information, visit www.HammondsCandies.com
About TerraMar Capital
TerraMar Capital LLC is an investment platform headquartered in Los Angeles that is focused on providing capital to middle-market
businesses in an effort to help them reach their full potential. TerraMar seeks to partner with outstanding management teams to
drive growth and value while serving as a resource by providing industry knowledge, operational best practices and relevant
relationships. www.terramarcapital.com
Company Contact:
Leslie Lambert
hello@lolliandpops.com
1-720-239-2090
