Lanco Enters Purchase Agreement With Nassau Candy, No Layoffs Planned
Despite reports circulating today that Lanco, Ronkonkoma, N.Y., was shutting its headquarters and laying off more than 100 employees, the company is remaining in business, albeit with a purchase plan in place with nearby Nassau Candy, which also has a partnership with Chocolate Inn/Taylor & Grant.
"The bottom line is that there will be no business disruption," Scott Slade, president of Lanco, said in a phone call to Promo Marketing, the sister publication of Print+Promo. "They're going to keep the facility, keep the employees in place, and continue running business as usual."
News broke this morning after a New York Worker Adjustment and Retraining Notification was submitted on Nov. 3 from Lanco, implying that a change would impact its 130 employees.
Slade didn't give a specific date that the purchase agreement will be completed, but said that the company is already servicing customers through the new partnership.
"Our customers will actually end up having a better experience with Lanco," he added.
We'll continue to follow this story as it develops.
For more information, visit www.lancopromo.com.