The acquisition of Andes underscores our belief that strong brands will continue to contribute to the long-term success of our company.
Experts say brand equity it tied to both product quality and to various intangible factors.
Andes is well known for exceptional quality, but the company has also developed a meaningful relationship with consumers of all ages over the years. We look for products that have a special bond with consumers when bringing new brands into the Tootsie Roll Industries' family. As part of the transaction announced today, Tootsie Roll Industries, Inc., acquired the Andes' manufacturing facility in Delavan, Wisconsin. The company expects to continue to make the high quality candy products at this facility. Inc. Tootsie Roll Industries is one of the country's largest candy companies with headquarters in Chicago, operations in Tennessee, New York, Chicago, Massachusetts, Maryland, Mexico, and Canada, and sales in Europe, the Middle East, Central America, and the Pacific Rim.