O'Ryans Village Posting Page
Wednesday, August 24, 2011
Pearson Candy Company which has been trying to sell their company for the last year was purchased by equity firm in Connecticut. They just sealed the sweet deal on Monday.
Pearson candy company has been around for over 100 years. They are located in St Paul Larry Hassler has been the owner of Pearson for the last 25 years.
You may not recognize the Person candy name, but I am sure you know their old time candy bars. The are the makers of the salted nut roll, nut goodie bars, mint patties and the bun candy bars which are available in vanilla, maple and caramel. They were also the maker of the seven up candy bar which has been discontinued many years ago.
As the times change and the demand for feeling nostalgic increases it was hard for Hassler to continue to compete in the old time candy market. It was either sell his company or expand and he felt it was in his best interest to sell. If feels for the company to continue to stand strong it really needs to expand it's candy line and offer more sweet treats for the retailers and consumers.
Brynwood Partners confirmed that Michael Keller will take over as chief executive and president. Larry Hassler will stay on as an consultant of the company.
So now with the sale of yet another candy manufacturer it makes me wonder. Will Brynwood Partners change these old time candy bars as many new companies do ? Or will the realize they shouldn't mess with a good thing and remain making them without any changes. I guess all we can do it wait and see what happens.
by: O'Ryans Village