Swiss Lindt buys US candy maker Russell Stover

Switzerland Lindt Russel Stover

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 This material may not be published, broadcast, rewritten or redistributed.

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