DeMet's Candy Company
DeMet's Candy Company is a food company based in Connecticut, United States. It is a wholly owned subsidiary of Yıldız Holding.
 | |
| Type | Private |
|---|---|
| Industry | Food |
| Founded | 1898 |
| Founder | George DeMet |
| Headquarters | Stamford, Connecticut, United States |
| Brands | |
| Parent | Yıldız Holding |
| Website | www |
History
DeMet's started in 1898 as a candy store business and soda fountain shop by George DeMet of Chicago — subsequently creating Turtles candies. After a series of mergers and acquisitions, DeMet’s was purchased by Nestlé in 1988.
In 2007, Signature Snacks, acquired the DeMet’s brand from Nestlé. Former Nestlé USA executive Hendrik Hartong III is chairman of the company.
In 2007, Brynwood Partners bought the "Turtles" brand from Nestle USA Inc.,[1] acquiring at the same time the 280,000-square-foot (26,000 m2) Turtles production facility in Toronto, Canada — merging the acquisition with a company it owned at the time, Signature Snacks Company.
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. DeMet's acquired the TrueNorth brand of nut snacks from Frito-Lay in 2010 but sold it to B&G Foods in 2013.[2]
In 2013, Brynwood sold the company to Yıldız Holding.[3]
References
- "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.
- "B&G goes back for snacks". New York Business Journal. May 7, 2013. Retrieved February 23, 2022.
- Brynwood Partners to Sell Maker of Turtles Candy Archived January 4, 2014, at the Wayback Machine