On Aug. 22, Brynwood Partners VI L.P. announced that it acquired St. Paul, Minn.-based Pearson Candy Co. Terms and conditions of the transaction, which closed on Aug. 22, were not disclosed.
Pearson, previously owned by Larry Hassler and founded over 100 years ago, is a leading manufacturer and marketer of widely recognized confectionery brands including Pearson’s® Salted Nut Roll, Pearson’s® Mint Patties, Pearson’s® Nut Goodies and Pearson’s®Bun. As part of this transaction, Brynwood VI announced the appointment of Michael Keller as president and CEO of the company. Keller will assume the responsibilities of Hassler, who will remain with the company in a consulting capacity during a transition period. Prior to joining Pearson, Keller served as the chief marketing officer of International Dairy Queen.
