SSG Capital Advisors served as the investment banker to The Warrell Corporation (“Warrell” or the “Company”) in the sale of its equity interests and owned real estate to Wolfgang Operations, LLC, and Wolfgang Facilities, LLC, respectively (collectively, “Wolfgang Confectioners”). The transaction closed in June 2025.

Founded in 1965 and headquartered in Camp Hill, Pennsylvania, The Warrell Corporation is one of North America’s top contract confectionery manufacturers. The Company has built a reputation for excellence in core manufacturing processes, including chocolate enrobing, chocolate panning, hot panning and nut clusters. Warrell serves some of the world’s most recognized consumer packaged goods and private label brands, combining innovation, quality and flexibility to meet the complex manufacturing needs of its customers.

After decades of operational success as a multi-generational family business, Warrell began evaluating strategic alternatives to ensure its long-term stability. The Company sought a partner that would honor its legacy, support its employees and enable the business to thrive in changing environments. SSG was engaged to conduct a broad and competitive process, identifying parties with the capabilities and shared values necessary to carry Warrell’s mission forward. As part of its process, SSG engaged an extensive range of strategic and financial buyers, investors and financing sources, many of whom conducted a comprehensive review of the business. After evaluating proposals from multiple parties, Wolfgang Confectioners emerged as the most suitable investment partner, providing continuity and a solid foundation for future growth. 

SSG’s deep experience across manufacturing, food products and special situations was critical in advising Warrell through a multi-year, dynamic mandate. SSG worked closely with management and stakeholders to evaluate a full range of strategic alternatives, enabling Warrell to navigate operational and market challenges and achieve a value-maximizing transaction that positions the business for continued success.

Wolfgang Confectioners is a leading confectionery manufacturer headquartered in York, Pennsylvania, with a 150,000-square-foot operation in Loganville, Pennsylvania. Through the acquisition of Warrell, Wolfgang adds a 230,000-square-foot manufacturing campus that significantly expands its production capacity, technological capabilities and skilled workforce to serve its growing customer base of local, regional and national brands.

Other professionals who worked on the transaction include:

• Kate Deringer Sallie, Angela McGowan, Jeffrey E. Kaylor, Abigail Kaspszyk and Hannah Pasco of Pillar+Aught, counsel to The Warrell Corporation;
• Mike Yayac of Strategic Resources, Inc., financial advisor to The Warrell Corporation;
• Darren W. Welker and Jason T. Sneeringer of Stambaugh Ness, accountant and tax advisor to The Warrell Corporation;
• James M. Smith of Gebhardt & Smith LLP, counsel to The Warrell Corporation’s lender; and
• Stephen C. Gierasch, Bradley A. Walker and Meagan Truong of McNees Wallace & Nurick LLC, counsel to Wolfgang Confectioners.