Maker of Necco Wafers Gets Sweet Reprieve at Bankruptcy Auction

Spangler Candy bid $18.83 million for New England Confectionery assets

The expiration date for Necco wafers, the pre-Civil War chalky sweets that were facing extinction, just got an extension.

Ohio-based Spangler Candy Co. made a winning bid of $18.83 million at a federal bankruptcy auction in Boston on Wednesday for the assets of the New England Confectionery Co., the 171-year-old maker of the Necco candy.

The...