Revere Mayor Brian Arrigo can’t be blamed for telling a corny joke if he points to the New England Confectionery Company building in Revere and calls it his sweet spot. The sprawling candy company located on American Legion Highway has a new owner. Framingham-based Atlantic Management Corporation has visions of manufacturing robotics equipment in the Necco building next to where the 170-year-old […]
Developers buy Necco site in Revere
General Electric just planted its flag at the original Necco factory in Fort Point. But big changes also could be coming to where Necco currently cranks out its candies, seven miles away in Revere. Development firms Atlantic Management and VMD Companies teamed up to buy the 50-acre site for $54.6 million a few weeks ago, […]
Factory Where NECCO Wafers Are Made Is Sold For $54.5M
The 50-acre Revere headquarters for NECCO, the New England Confectionery Co., has been sold to a local development group for $54.5M. Atlantic-Revere Investor LLC, consisting of Joseph Zink, David Capobianco, Irene Gruber and James Vitas II, purchased the 810K SF factory where NECCO wafers and Clark Bars are made. The candy company has called the […]
Framingham Developer Acquires Candy Company for $54.6 Million
REVERE – Atlantic Management, based in Framingham, has purchased the New England Confectionary Company’s headquarters property in Revere for $54.6 million. NECCO, the manufacturer of the Sweethearts and other candy, has been headquartered in the City of Revere since 2003, when the company moved from its location in Cambridge. Atlantic Management and VMD Cos. of Boston […]