KMOX 1120AM

News

Swiss Lindt Buys US Candy Maker Russell Stover

View Comments
A box of Russell Stover chocolates is displayed on July 14, 2014. Swiss chocolate maker Chocoladefabriken Lindt & Spruengli announced that it had agreed to purchase Kansas City based boxed choclate maker Russell Stover Candies for an undisclosed amount. The deal will make Lindt the third-largest chocolate manufacturer in North America. (credit: Justin Sullivan/Getty Images)

A box of Russell Stover chocolates is displayed on July 14, 2014. Swiss chocolate maker Chocoladefabriken Lindt & Spruengli announced that it had agreed to purchase Kansas City based boxed choclate maker Russell Stover Candies for an undisclosed amount. The deal will make Lindt the third-largest chocolate manufacturer in North America. (credit: Justin Sullivan/Getty Images)

News

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

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.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 3,933 other followers