Necco Factory; Maker of Candy Wafers, Sky Bars, Clark Bar, and Sweethearts; Closed by Investment Company that Bought Necco Out of Bankruptcy

WCBV Channel 5 Boston: The Necco plant in Revere is shutting its doors.

The NECCO plant in Revere, Massachusetts, was shut suddenly Tuesday by its owner, Round Hill Investments LLC, which is owned by billionaire C. Dean Metropolous. Round Hill Investments LLC bought NECCO (New England Confectionery Co.) out of bankruptcy in May 2018 for $17.3 million.

Over 200 workers have been laid off.

Round Hill Investments LLC is a subsidiary of Metropolous & Co. which is a major investor in a number of food and drink brands, including Aunt Jemima, Chef Boyardee, Ghirardelli Chocolate and Utz. Metropolous also bought Hostess Brands in 2013, and rescued Twinkies. Metropolous also once owned Pabst Brewing Comany, which was sold to Eugene Kashper, Chairman of Pabst. Metropolous also “flipped” Bumble Bee Tuna.








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ABC 7 Chicago (April 11, 2018): NECCO Wafers, which predate the Civil War, may permanently disappear from store shelves. Jesse Kirsch shares the story of these popular and notorious treats.

See also …

metropoulos.com