DeMet's Candy Company is a food company based in Connecticut, United States. It is a wholly owned subsidiary of Yıldız Holding.
 | |
| Company type | Private |
|---|---|
| Industry | Food |
| Founded | 1898 |
| Founder | George DeMet |
| Headquarters | Stamford, Connecticut, United States |
| Brands | |
| Parent | Yıldız Holding |
| Website | www |
History
editDeMet's started in 1898 as a candy store business and soda fountain shop by George DeMet of Chicago — subsequently creating Turtles candies in 1966.[1][2] After a series of mergers and acquisitions, DeMet’s was purchased by Nestlé in 1988.[3]
In 2007, Signature Snacks, acquired the DeMet’s brand from Nestlé. Former Nestlé USA executive Hendrik Hartong III is chairman of the company.[4]
In 2007, Brynwood Partners bought the "Turtles" brand from Nestlé USA Inc.,[5] acquiring at the same time the 280,000-square-foot (26,000 m2) Turtles production facility in Toronto, Canada.
Subsequently, Brynwood consolidated its portfolio of confectionery acquisitions, which included Stixx, Flipz chocolate covered pretzels, Treasures, and Turtles, resurrecting the dormant DeMet's Candy Company name.[6] DeMet's acquired the TrueNorth brand of nut snacks from Frito-Lay in 2010 but sold it to B&G Foods in 2013.[3][7]
In 2013, Brynwood sold the company to Yıldız Holding.[8]
See also
editReferences
edit- ^ Paul, Larry R. (2005). Made in the Twentieth Century: A Guide to Contemporary Collectibles. Scarecrow Press. p. 137. ISBN 9780810845633.
- ^ "Godiva owner buys DeMet's Candy". Chicago Tribune. Associated Press. 27 December 2013.
- ^ a b "B&G goes back for snacks". New York Business Journal. May 7, 2013. Retrieved February 23, 2022.
- ^ "Brynwood Partners V L.P. Acquires Turtles® Brand from Nestlé". www.brynwoodpartners.com. May 24, 2007. Retrieved 2024-06-13.
- ^ "Private Equity Firm Buys Balance Bar Brand From Kraft Foods". Soyatech.com, Connecticut Post, December 6, 2009. Archived from the original on March 3, 2016. Retrieved March 31, 2016.
- ^ "DeMet's Candy Acquires Treasures, Stixx Brands from Nestle". CSP Daily News. 2008-12-03. Retrieved 2024-06-13.
- ^ "B&G Foods acquires TrueNorth brand". foodbusinessnews.net. 2013-07-05. Retrieved 2024-06-13.
- ^ "Brynwood Partners to Sell Maker of Turtles Candy". Archived from the original on January 4, 2014.