A day before bankrupt US candy maker Necco goes up for auction, four companies have placed bids, according to a report in The Boston Globe newspaper.
It is reporting Spangler Candy Company, the maker of Dum Dums lollipops and Circus peanuts, Round Hill Investments, Boston-based liquidator Gordon Brothers and Kgbdeals Shopping are all interested in acquiring Necco’s assets.
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Necco (or New England Confectionery Co.) is best known for its Necco Wafers but manufactures a range of confectionery products including Clark Bars, Skybar, Mighty Malts and Sweethearts.
It filed for Chapter 11 bankruptcy protection last month after three creditors, who claimed they were owed more than US$1.6m, reportedly filed a petition to attempt to force the supplier into an involuntary bankruptcy.
Earlier this month, The Boston Globe reported Gordon Brothers, a liquidator based in the city, had made an offer of US$13.3m for Necco’s assets and committed to running the business through to November.
The deadline for rival offers was 18 May and they had to be worth at least $13.96m, the newspaper said.
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By GlobalDataNecco has claims to being the oldest multi-line confectionery manufacturer in the US, tracing its history back to 1847.
just-food has asked Necco for a comment.
