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Sweethearts Saved: Spangler Candy Buys Beloved Brand
By: Abasto Magazine
After the shutdown of Massachusetts NECCO (New England Confectionery Company) factory by Round Hill Investments LLC., fans of the classic Sweethearts candies and Necco wafers thought their confectionary favorites were gone. Now, a new company has come to the rescue to purchase the Necco wafers and Sweethearts brands.
Spangler Candy Co., based in Ohio and maker of Dum-Dum lollipops and seasonal candy canes, announced back in June that it had acquired the two candy products, but failed to complete its purchase.
The company was then sold to Round Hill Investments LLC., which in turn sold the New England Confectionary business to an unnamed confectionery manufacturer, who is now revealed to have been Spangler.
According to a Spangler press release, the brands and equipment only were obtained following a series of transactions precipitated by the New England Confectionery Company (NECCO) bankruptcy.
"The combination of Dum-Dums, candy canes, Sweethearts, and NECCO Wafers will make Spangler a stronger company within the global confectionery market and will be a catalyst for growth," said Spangler Chairman and CEO Kirk Vashaw.
Spangler has not yet decided… to read the complete story, click on this link https://abasto.com/