NECCO, the oldest American candy company, suddenly shuts its factory
by Talib Visram
The future of Sky Bars and Sweethearts is in limbo after the NECCO factory closed this week.
The NECCO plant in Revere, Massachusetts, was shut suddenly Tuesday by its owner, Round Hill Investments LLC, The investment company, owned by billionaire C. Dean Metropolous, bought NECCO out of bankruptcy in May for $17.3 million.
The news was first reported by The Boston Globe.
“We are disappointed that Round Hill could not follow through on the enthusiasm it expressed when it acquired Necco barely two months ago,” said Revere Mayor Brian Arrigo in a statement.
Arrigo said he was disappointed that the city received no advance word about the plant’s closing, but he was encouraged that six private food service companies have already expressed interest in interviewing the former NECCO factory workers.