Necco Plant Shuttered After Ch. 11 Purchaser Sells Co.

By Alex Wolf (July 27, 2018, 6:51 PM EDT) -- The Massachusetts plant for New England Confectionery Co., which manufactures iconic candies including Necco Wafers and Sweethearts, was abruptly closed this week, less than two months after the investment firm that purchased the company out of bankruptcy decided to resell it.

Round Hill Investments LLC's decision to immediately close Necco's Revere, Massachusetts, candy factory this week came as a surprise to workers, as the Boston Globe reported when the announcement was made Tuesday. The unexpected decision also came as a surprise to Revere Mayor Brian Arrigo, who said in a news release the following day that he only learned of the...

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