American Licorice Co. has released a new commercial to celebrate the launch of its new Sour Punch Rainbow Straws, featuring a brand new lemon flavored straw.

The company is combining the division's entrepreneurial spirit with corporate scale to satisfy the growing snacking needs of consumers and retailers.

The closure is the result of the company reorganizing its supply chain to account for a decline in chewing gum sales, and the move will eliminate 383 jobs, the company says.

Harris joins BBX Sweet Holdings with more than 20 years of experience in the food and confectionery industry, most recently as the president of Maxfield Candy Co.

Services are being held in his honor this week, including a Mass of Christian Burial Thursday, Feb. 5, at St. Peter Catholic Church at 10:30 a.m.. Inurnment will follow that service in St. Peter’s Memorial Garden with full Marine Corps Honors.

The award is a staple of the ISM, the world's largest trade fair for confectionery and snack items.

It's the first time since 2005 that Team USA has medaled in the competition. This year, the team was lead by captain John Kraus and candidates Joshua Johnson and Scott Green.

The primarily chocolate company has acquired KRAVE Jerky from Alliance Consumer Growth, a leading consumer-focused investment firm.

Set to take place May 19-21 at Chicago's McCormick Place, the NCA expects the Expo to be the most successful in the event's 18-year history.

This year, Snickers released its Super Bowl commercial early for the first time ever thanks to a swell in requests from fans on social media.