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Oldest American candy company suddenly shutters factory

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The oldest American candy company shut down its factory suddenly this week.

The Necco plant in Revere, Massachusetts, was closed by owner Round Hill Investments LLC. The investment company purchased Necco out of bankruptcy in May for $17.3 million.

"We are disappointed that Round Hill could not follow through on the enthusiasm it expressed when it acquired Necco barely two months ago," said Revere Mayor Brian Arrigo in a statement.

Read more from CNNMoney.

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