Press "Enter" to skip to content

American Billionaire Investor Dean Metropoulos Acquires Necco Wafers

The family business of American billionaire Dean Metropoulos has announced that is has acquired the New England Confectionery Co., or Necco for $17.3 million. It’s a surprise ending to a federal bankruptcy auction that initially left Necco to an Ohio company.

Metropoulos’ firm previously bought Twinkies maker Hostess out of bankruptcy in 2013.

The 171-year-old Necco is based near Boston and is known for its Sweethearts candies sold around Valentine’s Day.