Bankruptcy auction sale to Spangler falls through; Round Hill Investments pays $17.3 million.
Days after a bankruptcy court-ordered auction awarded New England Confectionary Co. (Necco) to Spangler Candy Co., the deal fell through. Instead, Round Hill Investments, run by C. Dean Metropoulos and his sons Evan and Daren, won Necco for $17.3 million.
Round Hill Investments and Metropoulos have turned around a number of well-known but older companies, the most recent being Hostess Brands.
Ohio’s Spangler Candy Co., which makes Dum Dum lollipops and marshmallow Circus Peanuts, agreed in the May 23 auction to pay $18.83 million for the 171-year-old maker of Necco wafers and SweetHearts, then wanted its purchase price adjusted to reflect a lower price, causing the sale to collapse, according to the Wall Street Journal.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...
