Pearson Candy Acquires Bit-O-Honey From Nestlé USA

GREENWICH, Conn.Brynwood Partners VI L.P. announced its portfolio company, Pearson Candy Company, today finalized the acquisition of the Bit-O-Honey confectionery brand from Nestlé USA, Inc., for an undisclosed amount. The acquisition marks the fifth brand Brynwood Partners has acquired from Nestlé.

Bit-O-Honey is an iconic national brand with over a 90-year history with U.S. consumers. Bit-O-Honey is available in a variety of formats and is widely distributed in the U.S. through leading retailers in the food, drug, mass and dollar channels.

"We are excited to announce the acquisition of the Bit-O-Honey brand," said Michael Keller, president and CEO of Pearson Candy Company. We look forward to adding the brand into Pearson's, which is known for its Pearson's® Salted Nut Roll, Pearson's® Mint Patties, Pearson's® Nut Goodies and Pearson's® Bun."

Keller said the company plans to bring renewed focus to the Bit-O-Honey brand by increasing its availability to consumers and by offering customers new and innovative Bit-O-Honey products.