TANGERINE Confectionery, which employs 640 staff in Yorkshire, has bought the Wham and Highland Toffee brands from Millar McCowan for an undisclosed sum, after its parent company went into administration.
Blackpool-based Tangerine said the acquisition of the brands was part of a “growth strategy” for the company, which had seen its turnover quadruple to more than £160m in the last five years.
A spokesman for Tangerine said New McCowans, the parent company of Millar McCowan, went into administration on October 4 with the loss of 185 jobs. The company, based in Stenhousemuir, Scotland, had suffered cash flow problems. It made a loss of £2.4m last year.
Production of Wham and Highland Toffee is likely to move to Tangerine’s operations in York and Blackpool. Tangerine, which employs 1,400 people altogether, also has an operation in Pontefract.