NECCO

If you planned on wooing your sweetheart with, well, Sweethearts this year, you may need to make other arrangements. The chalky hearts imprinted with...

The Northwest Ohio candy company behind Dum Dum lollipops bought the maker of NECCO Wafers and Sweethearts in a bankruptcy auction this week. Spangler Candy Company, based in Bryan, Ohio, made a winning offer of $18.8 million for New England Confectionery Company of Revere, Massachusetts. The deal is expected to close Friday. NECCO filed for Chapter 11 earlier this year after two packaging companies and a logistics firm took it to court over $1.6 million in unpaid debts.