It looks like Necco wafers and candy hearts have been saved. At least for now.
Spangler Candy Company announced the company will be acquiring the assets of the New England Confectionary Candy Company, better known as NECCO. NECCO, a Revere, MA based candy company was auctioned off for $18.83 million Wednesday.
NECCO who is best known for its namesake wafers, sky bars, and heart candies, filed for Chapter 11 bankruptcy protection in April, and a bankruptcy auction was held. Closing on the Spangler purchase was scheduled to occur Friday, May 25.
“Spangler Candy is happy to acquire the assets of NECCO,” said Kirk Vashaw, Spangler Candy Company Chairman and CEO. “NECCO candy products have been around for more than 150 years, and share important historical significance with Dum-Dums, candy canes, and other Spangler Candy products.”
Long-term plans for NECCO’s production equipment are still undecided.
Spangler Candy Company has been family owned and operated in Bryan, OH since 1906. Spangler Candy is one of the largest lollipop producers in the world and the only major candy cane producer in the United States. Other Spangler products include Dum-Dums®, Saf-T-Pops® and Spangler Circus Peanuts.