ALBANY - Hundreds of workers at an Albany candy cane factory could be back on the job soon after the company reached an agreement with its creditors. <br>
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WALB-TV reports Friday morning that Security Bank -- owned by Columbus-based Synovus -- has agreed to lend Bobs Candies the $15.2 million it needs to pay off Bank of America and put the 83-year-old company back in business. <br>
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Bobs Candies Incorporated closed its plants in Albany and Reynosa, Mexico, on May Tenth after Bank of America said it was NOT willing to continue financing the company. The closings put 650 people out of work -- including nearly 400 in Albany. <br>
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There was no immediate word on how many employees would be re-employed. Both plants are expected to reopen. <br>
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Bobs president Greg McCormack says he will immediately begin visiting former customers to try to reclaim their business. <br>
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Bobs was founded in Albany by Bob McCormack after World War One, ultimately becoming the world's largest candy cane maker.
