Mr. Richard M. Duffy

The buyer in the deal was Richard M. Duffy, general partner of Island Capital Ventures and an investor in HVC Lizard Chocolate (now called Fulton Chocolate company).

In October, Schumer convened the first ever face-to-face meeting between Duffy and the other investor in chocolate production at the site, Dr. Ousmann Gbane of Lion Capital Investment Group, of the Ivory Coast.

The buyer in the deal was Richard M. Duffy, general partner of Island Capital Ventures and an investor in HVC Lizard Chocolate (now called Fulton Chocolate company).

In October, Schumer convened the first ever face-to-face meeting between Duffy and the other investor in chocolate production at the site, Dr. Ousmann Gbane of Lion Capital Investment Group, of the Ivory Coast.

U.S. Senator Chuck Schumer announced this past Wednesday that negotiations were ongoing with Richard M. Duffy to bring production of a low-carb chocolate bar to two buildings in the former Nestle plant.
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Duffy, general partner of Island Capital Ventures and an investor in HVC Lizard Chocolate, reportedly purchased an entire manufacturing line during Nestle's equipment auction last week.
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Kinney noted that Duffy has indicated his plan would eventually employ around 200 workers and Lion Capital officials have said they would be at 100 percent of Nestle's production within a short time.
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"If Duffy adds another 200 jobs... employment would be more than Nestle had when it announced it was closing.

The Duffy Group, headed by investor Richard Duffy, previously secured an entire wrapping line's worth of equipment for its operations should the IDA's plant ownership transfer go through successfully.The Duffy group is interested in buildings 95 and 76 while Lion Capital is interested in the rest of the building.

Investor Richard Duffy calls meeting "productive."

The Duffy Group, headed by investor Richard Duffy, previously secured an entire wrapping line's worth of equipment for its operations should the IDA's plant ownership transfer go through successfully.The Duffy group is interested in buildings 95 and 76 while the Fulton Chocolate Company is interested in the rest of the building.

Investor Richard Duffy calls meeting "productive."

Nestle Plant Investor Secures Vital Equipment

The buyer in the deal is Richard M. Duffy, general partner of Island Capital Ventures and an investor in HVC Lizard Chocolate.Mr. Duffy, who has consulted with Nestle for over thirty years. is nationally known in the consumer products/grocery business.He is an investor in HVC Lizard Chocolate, which produces Z-Carb, a low-carb candy bar that was featured in the August 18 edition of Time Magazine.Z-Carb won a taste comparison versus Nestle Crunch.Duffy is a 1965 graduate of Syracuse University and played basketball for SU from 1963 to 1965.
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Schumer then helped facilitate the negotiation between Duffy and Nestle.
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After Nestle announced that they would go ahead with the auctio of the Fulton plant's equipment planned for Wednesday and Thursday, Schumer put Duffy in touch with Michael Treadwell of the Oswego County IDA, and officials at Nestle to help Duffy feel more confident in proceeding with the proposal to purchase the equipment.
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After Nestle announced that they would go ahead with the auctio of the Fulton plant's equipment planned for Wednesday and Thursday, Schumer put Duffy in touch with Michael Treadwell of the Oswego County IDA, and officials at Nestle to help Duffy feel more confident in proceeding with the proposal to purchase the equipment.
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According to the agreement, Duffy will purchase the equipment in buildings 95 and 70.Nestle will donate the property to the Oswego County IDA, which will then turn it over to Duffy.Duffy and his company will then begin production on the candy bars as soon as possible.
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"Tonight, though, through the hard work of Mr. Duffy, the IDA, Nestle, and my office, I'm pleased to say we're very close to achieving a very positive step for the community.There's just a few more yards to go to pass that finish line."

Duffy said, "We are very pleased and excited that our efforts over the past two months have come to fruition.

The buyer in the deal was Richard M. Duffy, general partner of Island Capital Ventures and an investor in HVC Lizard Chocolate (now called Fulton Chocolate company).
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Schumer then helped facilitate the negotiation between Duffy and Nestle.
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After Nestle announced that they would go ahead with the auction of the Fulton plant's equipment, Schumer put Duffy in touch with Michael Treadwell of the Oswego County IDA, and officials at Nestle to help Duffy feel more confident in proceeding with the proposal to purchase the equipment.
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After Nestle announced that they would go ahead with the auction of the Fulton plant's equipment, Schumer put Duffy in touch with Michael Treadwell of the Oswego County IDA, and officials at Nestle to help Duffy feel more confident in proceeding with the proposal to purchase the equipment.
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In October, Schumer convened the first ever face-to-face meeting between Duffy and the other investor in chocolate production at the site, Dr. Ousmann Gbane of Lion Capital Investment Group.
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Oswego County IDA and Nestle arrived at an interim agreement allowing Mr. Duffy and Lion Capital to keep their newly-acquired equipment on the site while the County conducts an environmental assessment.

Schumer said negotiations were ongoing with Richard M. Duffy, general partner of Island Capital Ventures and an investor in HVC Lizard Chocolate, who was working to purchase equipment during Nestle's auction.
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Fulton Mayor Michael Stafford, who has been in Lake Placid this week attending the annual NYCOM conference, said the news of the potential deal with Duffy came as a surprise.