Piedmont Candy Company, Inc

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Piedmont Candy Company, Inc - overview

Established

1890

Location

Lexington, NC, US

Primary Industry

Food

About

Piedmont Candy Company, Inc specializes in crafting high-quality, allergen-free confections, particularly known for their signature Red Bird puffed mint candy, which has been handmade in Lexington, NC since 1890. Founded in 1890, Piedmont Candy Company, Inc produces artisanal candies, particularly the renowned Red Bird puffed mint candy. The company has undergone a recapitalization in December 2013, led by Plexus Capital for USD 14. 4 mn.


Their headquarters is located in Lexington, North Carolina, USA. Red Bird Candies is renowned for its signature product, the Red Bird puffed mint candy, which has been handcrafted in Lexington, NC since 1890. This distinctive confectionery is made using 100% pure cane sugar, resulting in a melt-in-your-mouth experience that appeals to a wide customer base seeking high-quality, allergen-free sweets. The company's offerings are characterized by their soft peppermint puffs, which are individually wrapped and marketed as naturally gluten-free.


Red Bird Candies targets consumers who appreciate traditional, artisanal candy and caters to various market segments, including retail customers and specialty shops across the United States and select international locations. Their commitment to quality and allergen-free production environments positions them as a leader in the niche of gourmet candy. Red Bird Candies generates revenue primarily through direct-to-consumer sales and wholesaling to retailers. The company's sales model encourages consumers to purchase directly from their website, where they can access promotions and special offers, including free shipping on all orders.


Transactions typically involve customers placing orders for their candy products online, with a focus on convenience and customer satisfaction. The pricing structure reflects the premium nature of their handcrafted candy, particularly for their flagship product, the melt-in-your-mouth peppermint puffs. Through these sales channels, Red Bird Candies engages with both individual customers and business partners, contributing to their overall revenue stream while maintaining a strong brand presence in the candy market. In December 2013, Piedmont Candy Company, Inc received a recapitalization of USD 14.


4 mn from Plexus Capital. The funding aims to support the design and launch of new products while expanding into additional geographic markets.


Current Investors

Plexus Capital

Primary Industry

Food

Sub Industries

Snack Foods

Website

www.piedmontcandy.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Piedmont Candy Company, Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedPiedmont Candy Company, Inc-
GrowthCompletedPiedmont Candy Company, Inc-

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