Swiss Lindt buys US candy maker Russell Stover

(file) (2006 Getty Images)
(file) (2006 Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 7/14 6:06 am

GENEVA (AP) — Swiss chocolate maker Lindt & Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum.

Lindt CEO Ernst Tanner said Monday that the purchase provides "a unique opportunity for us to expand our North American chocolate business." The company says the deal will make it the No. 3 chocolate manufacturer in North America.

Russell Stover, which also owns the Whitman's brand, is based in Kansas City, Missouri, and has four factories in Kansas, Texas and Colorado.

It has about 2,700 employees and annual sales of around $500 million.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
NEWSCASTS ON DEMAND
WATCH OUR LIVE NEWSCAST

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.