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Necco, an acronym for New England Confectionery Company, holds a significant place in the history of American confectionery manufacturing. Known for its iconic Necco Wafers, the company has undergone several ownership changes throughout its existence. This article delves into the historical background, ownership evolution, and current status of Necco, highlighting key milestones and the impact of ownership transitions on its operations and brand identity.
Historical Background
Necco’s roots can be traced back to 1847 when Oliver Chase, an English immigrant, invented the first American candy machine. In 1901, Chase and Company merged with two other confectionery firms to form the New England Confectionery Company. The company’s success was largely attributed to its flagship product, Necco Wafers, which gained immense popularity over the years. Necco Wafers became a staple in American households and were even carried by soldiers during the Civil War and taken on expeditions to the Arctic and South Pole.
Changes in Ownership
Necco has experienced several changes in ownership throughout its history. In 1963, the company was acquired by United Industrial Syndicate of New York. Subsequent reorganizations and leadership changes followed until 2007 when a private equity fund, American Capital Strategies, orchestrated a buyout of Necco. In 2018, Necco filed for Chapter 11 bankruptcy, leading to the sale of its assets in a bankruptcy auction.
Current Ownership
In May 2018, Spangler Candy Company, a family-owned confectionery manufacturer based in Bryan, Ohio, acquired the Necco Wafers brand and production equipment. Spangler, known for its Dum Dums lollipops and Saf-T-Pops, brought Necco Wafers back to the market in 2020 after a two-year absence. The company invested in modernizing production facilities and maintaining the original recipe, ensuring the preservation of Necco Wafers’ classic taste and quality.
Impact of Ownership Changes
The changes in ownership have had a significant impact on Necco’s operations and brand identity. The acquisition by Spangler Candy Company brought stability to the company, allowing it to focus on product quality, innovation, and market expansion. Spangler’s expertise in candy manufacturing and distribution has helped revitalize the Necco Wafers brand, introducing new flavors and packaging options while maintaining the product’s nostalgic appeal.
Conclusion
Necco, with its rich history and iconic products, has undergone several ownership changes. The acquisition by Spangler Candy Company marks a new chapter for the company, characterized by a commitment to preserving Necco Wafers’ legacy while embracing modern manufacturing techniques and marketing strategies. As Necco continues to navigate the competitive confectionery landscape, its current ownership provides a solid foundation for future growth and success.
References
- “Necco.” Wikipedia, Wikimedia Foundation, 18 Dec. 2023, en.wikipedia.org/wiki/Necco.
- “Necco Wafers | SpanglerCandy.com.” Spangler Candy Company, www.spanglercandy.com/our-brands/necco-wafers.
- “Necco Wafers.” Wikipedia, Wikimedia Foundation, 15 Oct. 2023, en.wikipedia.org/wiki/Necco_Wafers.
FAQs
Who currently owns Necco?
Spangler Candy Company, a family-owned confectionery manufacturer based in Bryan, Ohio, acquired the Necco Wafers brand and production equipment in May 2018.
What happened to Necco before Spangler Candy Company acquired it?
Necco filed for Chapter 11 bankruptcy in 2018, leading to the sale of its assets in a bankruptcy auction.
Is Necco still in business?
Yes, Necco is still in business under the ownership of Spangler Candy Company. The company brought Necco Wafers back to the market in 2020 after a two-year absence.
What is the history of Necco?
Necco traces its roots back to 1847 when Oliver Chase invented the first American candy machine. The New England Confectionery Company was formed in 1901 through the merger of three confectionery firms. Necco Wafers gained immense popularity over the years and became a staple in American households.
What is the significance of Necco Wafers?
Necco Wafers are iconic American candy wafers known for their distinctive flavors and colors. They have been enjoyed by generations of consumers and hold a special place in American confectionery history.
Where can I buy Necco Wafers?
Necco Wafers are available at various retail stores and online retailers. You can also purchase them directly from Spangler Candy Company’s website.