Home / Business / The Necco wafer factory is closed abruptly after the company was sold to an unknown buyer

The Necco wafer factory is closed abruptly after the company was sold to an unknown buyer

Necco, the country's oldest continuously running confectionery company, shut down at its Massachusetts facility Tuesday after being sold to a new company a few months after its purchase at a bankruptcy auction.

Round Hill Investments, the company that sold Necco, operating under the name Sweetheart Candy Co. LLC, did not identify the new owner of the company, the Boston Globe reported. It was not said if the factory in Revere, Massachusetts, would make sweets again. According to Globe, the company has about 230 workers in the building.

"Round Hill Investments was very pleased to acquire Necco's historic brands and become part of their national revival," the company said in a statement by the Globe. "After careful consideration, however, the company decided to sell the brands to another national clothing manufacturer and today announced the closure of its facilities in Revere, Massachusetts."

The closure of the confectionery company has been rumored for months, though less-very good reputation of sweets. "Necco waffles exist before the Civil War ̵

1; and many critics would say they taste that way," the Wall Street Journal wrote in April. Revelations around this time, when the factory was shut down, triggered an increase in wafer sales. The company also produces sweethearts, heart-shaped sweets for Valentine's Day, as well as other lesser-known lines such as Mary Janes, Squirrel Nut Zippers and Clark Bars.

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The recipe for the company's waffles was reportedly not changed since the Civil War ,

According to Boston Globe: [19659002] – – –

The announcement was a shock to hundreds of company employees who expected the New England Confectionery Co. to be at least November when the lease expires at the factory Revere drains, yet will be open. This lease was originally scheduled to end in August, but was extended as part of bankruptcy proceedings.

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Necco's CEO Michael McGee told the workers on Tuesday Afternoon at a cafeteria council meeting that Necco "would close immediately," said a Necco mechanic, Chris, who did not ask for his last name

"There was a statement they read about severance pay and" Thank You for Your Service. " and where you can pick up all your personal belongings, "Chris said, adding that the workers were stunned. "We were told they will not show up tomorrow?"

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Necco was sold to Round Hill in May for $ 17.3 million.

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