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Necco Candy Company plant abruptly closes

By CBS news

Jul 26, 2018

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The owner of a company that makes candies such as Necco wafers and Sweethearts has unexpectedly shut down operations at its Massachusetts plant.

The Boston Globe reports Round Hill Investments LLC announced Tuesday it is selling Necco brands to another confection manufacturer and closing down its Revere plant.

The company had recently purchased Necco for $17.3 million at a bankruptcy auction in May.

According to the Boston Globe, Round Hill did not identify Necco's new owner or say if candy production will resume. The closure came as a shock to the close to 230 workers at the plant who say they were told to pick up their final paychecks Friday.

The closure is the latest twist for Necco, also known as the New England Confectionary Co. Round Hill Investments handled the acquisition for investors Dean, Evan, and Daren Metropoulos, the investors behind the revival of brands such as Hostess and Vlasic pickles. But that deal came after an earlier acquisition agreement with Spangler Candy Co. fell apart.

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