A $17.3-million deal is the latest acquisition being attributed to Greek-American billionaire Dean Metropoulos, as his family firm buys out a New England confectionery business.
According to NBC, a Connecticut-based branch of Metropoulos’ business put in a strong bid for Necco (aka, the 171-year-old New England Confectionery Co.).
Metropoulos, who Forbes estimates has a net worth of $2.6 billion, ventured into this market before with a 2013 purchase of struggling Twinkies maker Hostess.
Necco, which is based near Boston, is known for its Sweethearts candies range which performs strongly around Feb. 14, Valentine’s Day.
In 2012, Metropoulos spoke to Greek Reporter about his career. You can see the whole interview below: