DeMet's Candy Co. has completed the acquisition of the Treasures and Stixx confectionery brands from Nestle USA.

Financial details were not disclosed when the completion of the deal was announced yesterday (1 December). 

Following a "transitional" period, DeMet's will merge the brands into its existing confectionery portfolio, which includes Turtles and Flipz.

"The Treasures and Stixx brands are both innovative and high-quality products. They are an excellent addition to our existing base business and we plan to expand these well-known brands into new formats and flavour profiles in the near future," said David Clarke, DeMet's president and CEO.

"The Treasures and Stixx brands will enable us to reach a broader consumer base," James Gerbo, SVP marketing, added. "These products appeal to segments within the category that we currently do not serve."

DeMet's is owned by private equity group Brynwood Partners.