Necco, Massachusetts, the country's oldest continuously operating confectionery company, closed abruptly yesterday and closed the deal, which began in 1847. Necco – which stands for New England Confectionery Company – was bought by Round Hill Investments for more than $ 17 million an auction in May, the Boston Globe reported
"Round Hill Investments was very excited to acquire Necco's historic brands and be part of their national recovery," the company said in a statement to The Boston Globe. "After careful commitment, and in light of this, the company decided to sell the brands to another confectionery manufacturer and today announced the closure of the plants in Revere, Massachusetts."
The factory's 230 workers were informed yesterday that they could pick up their last paychecks on Friday.
The name of the company's new owners or the fate of its classic sweets ̵
Sweethearts, small candy hearts with short sayings, are the country's best-selling Valentine's Sweets, according to Necco. The company started producing candies in 1902 and each year produced around 2 billion individual hearts.
The news of the closure has caused online high prices for those hoping to get hold of some of the company's signature candies. A case of Necco waffles was listed for nearly $ 50 on the e-Bay auction site, about twice the regular price. The same case of 24 candy rolls was listed through a third party on Amazon for $ 79.