Bit-O-Honey sold to private equity fund

Sweet deal: Nestle USA sells Bit-O-Honey to private equity fund

Associated Press

NEW YORK (AP) -- A private equity fund said Wednesday that it bought Bit-O-Honey candy from Nestle USA Inc. for an undisclosed amount.

Brynwood Partners VI, based in Greenwich, Conn., also owns Salted Nut Roll, Mint Patties, Nut Goodies and Bun under its Pearson Candy unit.

The company plans to expand the availability of Bit-O-Honey and make new line extensions for the brand.

Brynwood noted that it has purchased 23 brands in 10 transactions since January 2011.

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