Minneapolis, MN, November 2018 – Spell Capital Partners, LLC is pleased to announce its acquisition of Pearson’s Candy Company. Pearson’s is a Minnesota confections manufacturer and has been making candy since 1909. Pearson’s currently manufactures and markets iconic brands including the Salted Nut Roll®, Mint Patties, Bit-O-Honey®, Nut Goodies® and Bun Bars®.
“We are very pleased with Spell’s purchase of Pearson’s”, said Michael Keller, President/CEO of Pearson’s. “Spell will be a terrific partner and owner for Pearson’s because they understand both manufacturing and the importance of Pearson’s and its brands to the community, to customers and to our trading partners in Minnesota, the upper Midwest and around the country.”
“Spell Capital and the significant number of Minnesota based investors who we represent are excited to have the opportunity to own and invest in an historic Minnesota company like Pearson’s,” said Bill Spell, President of Spell Capital. “At Spell, we have a passion for and an extensive interest in manufacturing-based business and we see meaningful opportunities for improvement and growth at Pearson’s.”