QUICK LINKS: Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:    

Bookmark this site




Issue Date: Vol. 53, No. 6, June 2013, Posted On: 5/10/2013


DeMet's Candy Co. Divests TrueNorth Nuts


Emily Jed
Emily@vendingtimes.net
TAGS: DeMet's Candy Co., DeMet's, Peter Wilson, TrueNorth divestiture, True North nuts, confectionary products, Brynwood Partners, B&G Foods Inc., vending snacks

GREENWICH, CT -- DeMet's Candy Co. has sold its TrueNorth brand to B&G Foods Inc. Terms were not disclosed.

DeMet's acquired TrueNorth, a nationally distributed premium snack nut brand, from PepsiCo's Frito-Lay North America in 2010. Under its ownership, DeMet's introduced TrueNorth flavor varieties.

DeMet's vice-chairman Peter Wilson said the divestiture of the TrueNorth brand allows the company to focus on its core confectionary products including Turtles chocolate-caramel nut clusters, Flipz chocolate covered pretzels and Treasures filled chocolates.

Formed in 2007 and majority owned by investment group Brynwood Partners, DeMet's is headquartered in Stamford, CT, and owns manufacturing facilities in Big Flats, NY, and Mohnton, PA.


Topic: Vending Features

Articles:
  • Pantry Pilots Smart Sensor Vending Machine
  • FuelRod Pilots Portable Phone Charger Vending Machine At San Diego Convention Center
  • Hollywood, FL, Mandates Healthy Vending Choices
  • PayRange Raises $2.6M, Appoints Former Google Payments Head Director
  • Lawsuits Target Popular Energy Drink

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570