Buyer: Wolfgang Candy deal is still on
The buyer of assets of York County-based Wolfgang Candy Co. Inc. said this morning the deal is still on firm ground and that he will follow through as called for in the transaction agreement.
Divine Serendipity LLC President and CEO William "Wayne" Sellers said there is some continued due diligence that must still be done and that Wolfgang employees should not be concerned.
North York-based Wolfgang filed for Chapter 11 bankruptcy protection in March and a judge last week approved a plan for a sale of company assets and a lease agreement.
There was an expectation the deal could close shortly thereafter, but it did not. The attorney who appeared before the bankruptcy court on behalf of Wolfgang, Larry Young, expressed concern Monday that the deal could be in limbo.
Young said he could not comment this morning.