PE-Backed Pearson Candy Snags Nestle's Bit-O-Honey Brand

Law360, New York (May 1, 2013, 3:35 PM EDT) -- The private equity owner of Pearson Candy Co. will fold rival Nestle USA Inc.’s Bit-O-Honey brand into the company, it said Wednesday, marking its fifth acquisition from the global confectionery giant as it looks to bite deeper into the sweets sector.

Neither Brynwood Partners VI LP nor Nestle disclosed the transaction’s financial terms.

In the deal, Minnesota-based Pearson, through Brynwood, gains a well-known national brand that has been popular with U.S. consumers for nearly a century. The addition builds on Pearson’s existing product portfolio, best known...
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