The Kleins sold the Phoenix Candy Company to Beatrice Foods in 1978. In 1983, it was sold to Huhtamäki Oyj of Helsinki, Finland, which previously purchased the Leaf Candy Company. The two acquisitions were merged under the name Leaf, Inc. In turn, Leaf, Inc. sold the Phoenix Candy Company to Kouri Capital, a Finnish investment firm, who changed the name to Phoenix Confections in 1986. In 1992, Kouri sold Phoenix Confections to Nabisco and then in 2000 Kraft acquired the Now and Later brand as part of its purchase of Nabisco.