518:(TIF) deal the company had received from the city; those reports "seemed to indicate that Necco has—for several years—not created the jobs they promised in the TIF agreement"; as of March 2011 Necco employed 483 people, including 30 Revere residents. The company's failure to meet the terms of its TIF agreement led the Massachusetts Economic Assistance Coordinating Council to decertify Necco's participation in the economic development program that administers the agreement. With the support of Revere's mayor, the city council voted to maintain the tax break, which saves the company $ 300,000, reducing their annual
346:
428:
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At the time, Necco was the oldest candy company in the United States. In July 2018, Necco workers were reportedly in high demand by other companies. The purchaser was subsequently identified as the
Spangler Candy Company, who had backed out of the purchase months earlier. They planned to restart manufacture of Necco wafers, Sweethearts and Canada Mints, but other Necco-owned brands would not be retained. The
436:
444:
261:
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Two months later, in July, Round Hill
Investments announced the immediate closure of Necco's Revere facility following the sale of Necco to an unnamed candy manufacturer, citing "sanitation issues" it claimed it was previously unaware of. About 230 workers were laid off when the Revere plant closed.
282:
Two other confectionery companies, Ball and Fobes, founded by confectioner Daniel Fobes in 1848, and Bird, Wright and
Company, a confectionery company based in Boston and founded in 1856, joined forces with Chase and Company in 1901 to become the three members of the original Necco family. The three
522:
to $ 750,000. At one city hearing, Miles Arnone, a managing director of
American Capital, had a heated exchange with city council member George Rotondo (who was running for mayor). Arnone was upset about being forced to talk about Necco's health "when you're down 30 percent"; the public exposure of
547:
On May 16, 2018, the U.S. Food and Drug
Administration (FDA) found serious violations of the current Good Manufacturing Practice, Hazard Analysis, and Risk-Based Preventive Controls for Human Food regulation. The violations included significant evidence of rodent activity and insanitary conditions
543:
In March 2018, chief executive
Michael McGee announced that, unless a buyer for the company could be found, most of Necco's workforce could be laid off as early as May 6, 2018. With a workforce of approximately 500, Necco was the largest employer in Revere at the time. Online sales of Necco Wafers
247:
Necco dated its origins to Chase and
Company, a company founded by brothers Oliver R. and Silas Edwin Chase in 1847. Having previously invented and patented the first American candy machine, the Chase brothers continued to design and create machinery that made assortments of candies, such as their
306:
The Boston Wharf
Company developed the 1902 complex of four five-story buildings at 253 Summer Street and 11-37 Melcher Street. BWC named the adjacent streets Necco Court, Necco Street, and Necco Place. In 1907, 5 and 6 Necco Court were added behind the existing complex, connected by a four-story
555:
having the winning bid of $ 18.83 million. However, Spangler backed out of the transaction and the company was instead sold for $ 17.33 million to Round Hill
Investments, owned by billionaire C. Dean Metropoulos. They briefly operated the candy manufacturer under the name of Sweethearts, LLC.
539:
In May 2017, it was announced that the Revere complex containing the company headquarters and major manufacturing center had been sold for $ 54 million to
Massachusetts real estate developers Atlantic Management and VMD Companies. The complex was leased to Necco until the end of August 2018.
399:
Necco, still a family-run business in 1963 but having financial problems, was acquired by United Industrial Syndicate of New York. In 1978, after several reorganizations and seven company presidents, Domenic Antonellis was named its CEO, a role he would play for nearly 30 years.
419:, combined with Necco's existing Sweet Talk line of candies, made Necco the leading manufacturer of candy "conversation" hearts. In 1999, Pittsburgh-based Clark Bar America, Inc. was purchased, and by 2000 the company had 1200 employees.
47:
380:
Necco continued its dominance of the candy-manufacturing business through much of the first half of the 20th century. In 1942, the U.S. Government requisitioned a "major portion of the production of the wafers, during
1495:
1996:
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From the end of the war through the 1990s, Necco continued to acquire small candy companies throughout the United States, Canada, and Europe, and with those companies, the rights to manufacture their
1573:
503:
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The 2011 news that the company was no longer for sale was accompanied by reports that the company had supplied the city of Revere with five years' worth of overdue reports required as part of a
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for continuing to use their trademarks after their 2009 marketing deal had expired. In February 2014, the case (1:13-cv-11754) was dismissed due to an out of court settlement.
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In November 2010, Necco was listed for sale with a New York broker; although by February 2011, American Capital announced that the sale was off for the time being.
492:
executive, who in February 2009 announced plans to "expand its brand now in the U.S. so it can expand globally later", aiming for a 30% growth in revenue by 2011.
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1986:
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and Mighty Malt Milk Balls were sold to Minnesota-based Log House Food. Equipment and foodstock were disbursed internationally. Some unclaimed brands, such as
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462:
Institutes for Biomedical Research. The water tower was repainted with a double helix to represent the biomedical research being performed within. In 2005,
318:
plan. Necco continued its production while the confectionery industry continued to boom through the turn of the century. Around the same time, businessman
1759:
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and other products subsequently spiked, with buyers concerned that the candy would be discontinued, some even offering to sell a car for Necco Wafers.
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American Capital Strategies (in partnership with Clear Creek Capital and Domenic Antonellis, the company's CEO). Necco announced the closure of its
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338:. At the same time, Charles Miller started a business manufacturing and selling homemade candy in the Boston area. Clark's creation and Miller's
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interior bridge. With nearby rail and water transportation, BWC specialized in shipment and storage of sugar and molasses. The
576:, and Banana Split and Mint Julep chews along with Slap Stix lollipops went to the Reading, Pennsylvania-based Mega Candy Co.
1971:
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455:, plant and warehouse, where its international headquarters resides to this day. The site employed more than 700 workers.
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In 2003, Necco consolidated its facilities to share a 52-acre (210,000 m), 810,000-square-foot (75,000 m)
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By 2005, the company's annual revenue was around $ 100 million, at which level it was to remain for several years.
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584:, were later sold in online auctions, while Mary Jane candies, unsold at auction, were licensed by Spangler to
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which had a sign on the roof of the factory reading, "New England Confectionery Co.", as seen from across the
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since the candy doesn't melt and is 'practically indestructible' during transit," This continued until 1945.
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218:(originally called "Hub Wafers") dating back to 1847. Other prominent products have included its seasonal
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373:, which was then the largest factory in the world devoted entirely to candy, as seen in a photograph of a
299:, one year later and became the largest establishment devoted entirely to confectionery production in the
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Since April 2004, the Necco building at 250 Massachusetts Ave in Cambridge has been occupied by the
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In May 2018, Necco was sold for $ 17.33 million to Round Hill Investments LLC, run by billionaire
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488:, plant in March 2008. In August 2008, Necco replaced its CEO with Richard Krause, a former
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1455:"Someone Paid $ 18.83 Million for Necco Wafers — and the Rest of the Company — at Auction"
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1317:"One of America's least-favorite candies is suddenly its most sought after. Here's why"
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396:, for a time Necco marketed an identical product called "Milk Chocolate Caramel Roll".
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568:, while other brands and equipment were disbursed at auction at the end of September.
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confectionery firms then moved into a newly constructed manufacturing plant in the
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466:, which is still referred to as the Necco candy factory, was added to the U.S.
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For several years, Necco was the first, and exclusive, licensed distributor of
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415:, which was founded in 1939, was acquired in 1988. The acquisition of Stark's
323:
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In October 2019, it was announced that the Revere complex would be leased to
548:
throughout the facility. This was the fifth citation for rodent infestation.
1900:
1714:"Necco Wafers : The History (and Sad Demise) of America's Oldest Candy"
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623:
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331:
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1760:"Atkinson to produce Mary Jane candies under agreement with Spangler Candy"
1393:"For Candy Fans, the Only Thing Worse Than Necco Wafers Is No Necco Wafers"
196:
through the merger of several small confectionery companies located in the
988:
1699:"A Splintered NECCO Forges A Future Around The World, Just Not In Revere"
551:
The assets of Necco were sold in a bankruptcy auction in May, 2018, with
459:
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began experimenting with his own candy creations in his home outside of
1925:
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1085:"Candy coated: Power-cleaning clears way for labs at old Necco factory"
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quickly become two of the most popular candy creations in the country.
231:
46:
1787:"Amazon will move into the former Necco factory in Revere, mayor says"
1106:, a December 28, 2007 press release from the American Capital website
1345:"Speculators hoard Necco Wafers before candymaker's possible closure"
523:
the issue was raising concerns from large customers of Necco such as
477:
292:
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207:; Round Hill Investments then went into a bankruptcy auction, with
442:
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1729:"Iconic candy Sky Bar, once thought gone forever, is coming back"
334:
for five cents and shipping his creation to soldiers fighting in
1348:
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1856:
1496:"In a sweet plot twist, the owner of Twinkies is Necco's buyer"
1420:"New England Confectionery Company, Inc. - 545899 - 05/16/2018"
192:) was an American manufacturer of candy created in 1901 as the
946:
Necco Place is marked on Google Maps as Necco Court, but see:
685:
The Haviland division of Necco produced many candies such as
1625:"Clark Bar saved from extinction, returning to Pennsylvania"
1440:"FDA cites candy maker NECCO for filth, rodent infestation"
176:
170:
77:
Chase and Company, Ball and Fobes, Bird, Wright and Company
780:"'Mystery buyer' of Necco wafers and Sweethearts revealed"
1841:
1531:"New Owner Sells Candy Maker Necco After Deal Turns Sour"
200:
area, with ancestral companies dating back to the 1840s.
1104:
American Capital Invests in the One Stop Buyout of NECCO
1817:
1606:"Laid-off Necco workers find themselves in high demand"
1997:
Companies that filed for Chapter 11 bankruptcy in 2018
1662:"Cincinnati candy company acquires childhood favorite"
1044:"New England Confectionery Co. — Company History"
314:
Success prompted the company, in 1906, to introduce a
1182:"Council Votes to Maintain Candy Company's Tax Break"
185:
173:
167:
1235:"George Rotondo: We Are Sure to Hear from Him Again"
884:"Sweet setup: Relocation and expansion define Necco"
1848:
Necco wafers at the South Pole (early 20th century)
744:"Revere's Necco plant shuts down abruptly, is sold"
214:The company was best known for its namesake candy,
164:
140:
117:
105:
97:
89:
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63:
53:
1529:Peg Brickley; Patrick Fitzgerald (July 26, 2018).
1256:"Sold:Necco Plant Sale Price Comes in at $ 54.6M"
1967:Companies based in Suffolk County, Massachusetts
1288:"Not so sweet: Necco employees may face layoffs"
1992:Privately held companies based in Massachusetts
848:
846:
844:
842:
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773:
771:
1647:"Necco Equipment, Candy Brands Up For Auction"
1575:Factory closure not so sweet for candy workers
1124:"Necco to close Stark Candy plant in Pewaukee"
948:City of Boston Fort Point Channel District Map
1868:
392:candy in the US. After losing the license to
8:
1982:Food and drink companies established in 1901
1962:Confectionery companies of the United States
39:
1254:Daniel, Seth; Woodcock, Sue (May 5, 2017).
1175:
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714:"Company Not for Sale ... for Now at Least"
365:In 1927, Necco moved into a new factory on
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1697:Edgar B. Herwick III (December 5, 2018).
968:"Our Big Rolo Roundup! 75 Years of Rolo!"
877:
875:
353:in Cambridge, Massachusetts, featuring a
989:"162-year-old Necco has change of heart"
1785:Gavin, Christopher (October 18, 2019).
1660:Brownfield, Andy (September 27, 2018).
697:
1977:American companies established in 1901
908:
906:
904:
778:Morgan, Richard (September 25, 2018).
882:Jo Ann Augeri Silva (March 1, 2004).
809:
807:
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799:
797:
7:
1987:1901 establishments in Massachusetts
995:. Associated Press. February 4, 2009
468:National Register of Historic Places
1842:National Confectioner's Association
1285:Conti, Katheleen (March 12, 2018).
819:"New England Confectionery Company"
1766:. Candy Industry. October 16, 2019
1679:Chesto, Kon (September 28, 2018).
1315:Eltagouri, Marwa (April 9, 2018).
1211:. American Capital. Archived from
595:for use as a distribution center.
25:
1727:Staff Writer (January 27, 2019).
1494:Conti, Katheleen (June 1, 2018).
1453:Kole, William J. (May 23, 2018).
1369:Robbins, Clair (March 28, 2018).
1093:. p. C1 – via rath.us.
611:Candy Cupboard & Masterpieces
480:of Necco was orchestrated by the
311:factory was also located nearby.
194:New England Confectionery Company
18:New England Confectionery Company
1712:Aimee Tucker (January 1, 2019).
1604:Hagan, Allison (July 30, 2018),
160:
45:
32:Northern Essex Community College
1582:, July 26, 2018, archived from
1128:American City Business Journals
888:American City Business Journals
564:was sold in early September to
407:candy bars. It acquired nearby
357:painted to look like a roll of
220:Sweethearts Conversation Hearts
1391:Clarke, John (April 8, 2018).
1343:Zhao, Helen (April 12, 2018).
966:Liebig, Jason (June 5, 2012).
712:Seth Daniel (March 16, 2011).
644:Mighty Malts Malted Milk Balls
431:Necco's Sweethearts as of 2011
1:
1627:. WTAE. AP. September 7, 2018
1371:"The Great Necco Wafer Panic"
1180:Seth Daniel (July 27, 2011).
273:
1681:"Two more Necco brands sold"
1425:Food and Drug Administration
1083:Aoki, Naomi (July 9, 2003).
500:United Service Organizations
1666:Cincinnati Business Courier
2013:
1883:Confectionery products of
1649:. WBZ. September 26, 2018.
1110:December 28, 2008, at the
689:, Bridge Mix, and others.
211:being the winning bidder.
29:
1891:
1716:. New England Food Today.
919:. Collectors Press, Inc.
222:, and brands such as the
44:
1150:"USO not sweet on NECCO"
916:Candy: The Sweet History
349:Former Necco factory on
30:Not to be confused with
1536:The Wall Street Journal
1398:The Wall Street Journal
1018:"Pewaukee heartbreaker"
953:April 20, 2013, at the
913:Kimmerle, Beth (2001).
856:. Necco. Archived from
516:tax increment financing
375:1928 Necco Wafers truck
330:. He began selling the
289:South Boston Waterfront
1825:July 30, 2018, at the
1066:"CambridgeHistory.org"
586:Atkinson Candy Company
553:Spangler Candy Company
448:
440:
432:
362:
279:
209:Spangler Candy Company
146:483 (as of March 2011)
1972:Revere, Massachusetts
1072:on November 22, 2014.
825:. Library of Congress
667:Squirrel Nut Caramels
453:Revere, Massachusetts
446:
438:
430:
411:in 1960. Wisconsin's
348:
264:The Necco complex in
263:
111:Revere, Massachusetts
1931:Squirrel Nut Caramel
1428:. December 20, 2019.
1243:. November 16, 2011.
671:Squirrel Nut Zippers
490:Procter & Gamble
476:In December 2007, a
367:Massachusetts Avenue
1906:Haviland Thin Mints
1836:Library of Congress
1322:The Washington Post
1215:on December 8, 2011
860:on January 11, 2006
854:"About Us: History"
815:Capuano, Michael E.
687:Haviland Thin Mints
680:Conversation Hearts
674:Stark Candy Raisins
578:Haviland Thin Mints
566:Boyer Candy Company
504:U.S. District Court
486:Pewaukee, Wisconsin
482:private equity fund
413:Stark Candy Company
228:Haviland Thin Mints
205:C. Dean Metropoulos
142:Number of employees
134:Haviland Thin Mints
41:
1156:on January 7, 2014
605:Banana Split chews
588:of Lufkin, Texas.
510:Company tax breaks
449:
441:
439:Banana Split chews
433:
363:
280:
270:Fort Point Channel
27:Candy manufacturer
1944:
1943:
1764:candyindustry.com
1266:on March 31, 2018
1046:. FundingUniverse
574:Doscher's Candies
150:
149:
101:Operations halted
16:(Redirected from
2004:
1877:
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1818:Official website
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1504:. Archived from
1501:The Boston Globe
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1467:. Archived from
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1090:The Boston Globe
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641:Mint Julep chews
535:Sale and closure
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277: 1902–1907
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1832:Company profile
1827:Wayback Machine
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1481:Wayback Machine
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1130:. March 6, 2007
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1112:Wayback Machine
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1024:. March 7, 2008
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817:(Spring 2000).
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752:. July 24, 2018
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572:were bought by
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409:Page & Shaw
332:Clark candy bar
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58:Private company
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1916:Necco Wafers
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417:Sweethearts
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786:October 6,
762:Boston.com
693:References
660:candy bars
632:Mary Janes
624:candy bars
351:Mass. Ave.
324:Pittsburgh
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1911:Mary Jane
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1823:Archived
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1800:2019
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1560:2022
1541:ISSN
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1460:Time
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