BOSTON — Spangler Candy Co., a privately-owned maker of lollipops, candy canes and marshmallow candies, was the top bidder in a May 23 auction to determine who would take control of the assets of the New England Confectionery Co. (Necco), which makes Necco wafers and candy hearts. Spangler’s bid of $18.83 million was well above the initial bid of $13 million that was set last month after Necco filed for Chapter 11 bankruptcy protection.
Founded in 1906, Spangler is based in Bryan, Ohio. The company’s brands include Dum-Dums, saf-t-pops and Marshmallow Circus Peanuts.
Spangler’s bid topped that of two other bidders: Round Hill Investments L.L.C. and Gordon Brothers.
Founded in 1847, Necco considers itself the oldest continuously operating candy company in the United States. The company primarily is known for its Necco wafers and Sweethearts candies, but also makes the chocolate Sky Bar, the Clark Bar and peanut butter-flavored Mary Jane chews. The company is based in Revere, Mass.