Pearson's Candy Company is an American chocolate and confectionery manufacturer headquartered in Saint Paul, Minnesota.
Originally a family-owned company, Pearson's experienced changes in ownership, acquisitions and product alterations in the 1960s, 1970s and 1980s, before its most recent sale in November 2018 to Spell Capital, a Minneapolis private equity firm.
[6] The five brothers determined manufacturing would be more profitable than distribution and, in 1912, introduced their first confection, the Nut Goodie.
[5] By the end of World War II, the Pearson brothers had dropped the distribution aspect of the business.
Pearson's, however, sold Sperry Candy to the Schuler Chocolate Factory of Winona, Minnesota five years later.
The Nut Goodie's original wrapper and recipe were restored and, despite the loss of a label contract with General Mills to produce Nature Valley granola bars, which accounted for 1.4 million bars daily and 85 percent of the company's total tonnage, Pearson's became profitable again in December 1992.
[9] Mint Patties are sold nationally and Salted Nut Rolls are available in approximately 60 percent of the company's outlets.
Flavors changed with the availability and popularity of ingredients, which included, among others, brazil nut, buttercream, butterscotch, caramel, cherry, coconut, fudge, mint, nougat and orange.
The bar, introduced during The Great Depression, was so called in reference to President Herbert Hoover’s promise of “a chicken in every pot”.