Despite the struggling economy, DeMet’s Candy Co. has made plans to open a new, state-of-the-art production facility in Big Flats, N.Y. The 100,000-sq.-ft. facility will house all candy making operations for the TURTLES brand, including enrobing, caramel making, packaging and warehousing, while creating 80-100 full-time jobs and 50-100 seasonal jobs.
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DeMet's Candy Company makes such tasty favorites like TURTLES®, FLIPZ®, TREASURES® and STIXX® that we like to say DeMet's Makes Mmmmmm. Quite often, we also make headlines.
DeMet’s Candy opens new production facility in New York
DeMet’s Candy Company Acquires the TREASURES and STIXX Brands from Nestle
GREENWICH, Conn., Dec. 1 /PRNewswire/ — DeMet’s Candy Company announced today that it has completed the acquisition of the TREASURES and STIXX confectionery brands from Nestle USA, Inc. DeMet’s will merge these two brands into its existing portfolio of confectionary products after a short transition period with Nestle. DeMet’s currently markets the TURTLES(R) and FLIPZ(R) brands and is headquartered in Stamford, CT. DeMet’s is owned by Greenwich, CT based Brynwood Partners.
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Brynwood Partners V L.P. Acquires Turtles® Brand from Nestlé
GREENWICH, CT — May 24, 2007 — Brynwood Partners V L.P. announced today that it has signed a definitive purchase agreement to acquire the Turtles® confectionery brand from Nestlé USA, Inc., through a newly formed company, DeMet’s Candy Company. The acquisition is expected to close by June 1, 2007. Brynwood Partners will also acquire the Turtles® production facility in Toronto, Canada from Nestlé Canada in a separate transaction and will merge this manufacturing facility into DeMet’s. Brynwood Partners is only purchasing the United States rights to the Turtles® brand. DeMet’s will manufacture Turtles® in the Canadian facility to supply the United States business and will continue to supply Turtles® and selected other products to Nestlé Canada through a long-term supply contract.
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