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Necco Nets $18.8M In Bankruptcy Sale To Spangler Candy

Law360 (May 23, 2018, 9:42 PM EDT) -- The company that makes Necco Wafers has a new owner, according to an order in Massachusetts federal court Wednesday showing that Spangler Candy Co., the maker of Dum Dums lollipops, shelled out $18.8 million to buy its fellow candy maker out of bankruptcy.

New England Confectionery Co., best known for producing iconic candies like Necco Wafers and Sweethearts, went up for auction in a Boston courtroom on Wednesday after reaching a $13.3 million stalking horse asset purchase agreement with an affiliate of Gordon Brothers that was...
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