DeMet's Candy buys two Nestle confectionery brands
December 02, 2008
by Eric Schroeder
GREENWICH, CONN. — DeMet’s Candy Co. has acquired the Treasures and Stixx confectionery brands from Nestle USA, Inc. DeMet’s, which is owned by private equity firm Brynwood Partners, currently sells Turtles and Flipz brands. The company plans to merge the Treasures and Stixx brands into its existing portfolio of confectionary products after a short transition period with Nestle.
"DeMet’s is pleased to welcome the Treasures and Stixx brands to its family of confectionery products," said David Clarke, president and chief executive officer of DeMet’s Candy Co. "The Treasures and Stixx brands are both innovative and high quality products. They are an excellent addition to our existing base business and we plan to expand these well known brands into new formats and flavor profiles in the near future."