ST PAUL, Minn. — Minnesota-based Pearson's Candy Company, the creator of the iconic Salted Nut Roll, has been sold.
Spell Capital, which purchased Pearson's back in 2018, confirmed that the candy company was sold to California-based Annabelle Candy Company.
“The Pearson’s operation on West 7th Street in St. Paul was built in 1959 and we set about to invest in the facility to modernize and improve efficiencies. We have successfully executed on our plan and are nearing the end of our investment timeline for Pearson’s and believe Annabelle’s is a great fit to take Pearson’s forward.” said Jim Rikkers, Senior Managing Director of Spell Capital in a press release.
Pearson's Candy Company was founded in 1909 by P. Edward Pearson and his two brothers.
The Nut Goodie Bar debuted in 1912 and the Salted Nut Roll was introduced in 1933. Pearson's Candy Company has been operating at its current West Seventh Street location since 1959 after moving from downtown St. Paul.
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