Necco, which calls itself the oldest continuously operating candy company in the U.S., couldn't keep pace with multinational competitors. The warning that the company might go out of business triggered a run on Necco Wafers and other candies. (The company brushed off what it dubbed "The Great Necco Wafer Panic" and turned down the offer.) Union soldiers fighting in the Civil War carried Necco Wafers, the company says. "As sentimental as we might be about Necco Wafers, unless tons of people buy them, they're going to struggle.

Source: Fox News May 23, 2018 22:18 UTC