DeMet's Candy Company is a food company based in

Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York (state), New York to the west, and Long Island Sound to the ...

, United States. It is a wholly owned subsidiary of

Yıldız Holding Yıldız Holding is a Turkish conglomerate that is best known for manufacturing food products. The company also produces other consumer goods and has its own retail, private equity and real estate operations. Yıldız Holding is among the large ...

History

DeMet's started in 1898 as a candy store business and soda fountain shop by George DeMet of Chicago — subsequently creating

Turtles Turtles are an order of reptiles known as Testudines, characterized by a special shell developed mainly from their ribs. Modern turtles are divided into two major groups, the Pleurodira (side necked turtles) and Cryptodira (hidden necked tu ...

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 Brynwood Partners is an American private equity investment firm focused on leveraged buyout and other control investments. Since its founding in 1984, the firm, headquartered in Greenwich, Connecticut, has raised five investment funds, includin ...

bought the "Turtles" brand from Nestle USA Inc., acquiring at the same time the 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 Stixx are crisp wafer sticks with candy creme filling attached to the inside and Nestlé chocolate coating attached to the outside. The brand was owned by Nestlé, who sold it to by Brynwood Partners' DeMet's Candy Company in 2008. In 2013, Brynw ...

, 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 Frito-Lay is an American subsidiary of PepsiCo that manufactures, markets, and sells corn chips, potato chips, and other snack foods. The primary snack food brands produced under the Frito-Lay name include Fritos corn chips, Cheetos cheese-fla ...

in 2010 but sold it to

B&G Foods B&G Foods is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 188 ...

in 2013. In 2013, Brynwood sold the company to

.Brynwood Partners to Sell Maker of Turtles Candy

References

External links

* {{Yıldız Holding Multinational companies Private equity portfolio companies Biscuit brands Companies based in Stamford, Connecticut Bakeries of the United States American subsidiaries of foreign companies Yıldız Holding Food and drink companies established in 1898 1898 establishments in Illinois 1988 mergers and acquisitions 2007 mergers and acquisitions 2013 mergers and acquisitions Food manufacturers of the United States

History

See also

References

External links