Brynwood Partners VI L.P. has announced that its portfolio company, Pearson Candy Co., has acquired the Bit-O-Honey confectionery brand from Nestlé USA Inc. The acquisition marks the fifth brand that Brynwood Partners has acquired from Nestlé. Terms and conditions of the transaction were not disclosed.
Bit-O-Honey is an iconic national brand with over a 90-year history with U.S. consumers. It is available in a variety of formats and is widely distributed in the United States 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’s. “We plan 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.”