Swiss Lindt buys US candy maker Russell StoverJuly 14, 2014 @ 12:52 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.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Seattle's beleaguered tunnel project earns a spot atop a list of 11 'highway boondoggles'
Crime on the Hill
A vibrant Seattle neighborhood is the focus of increased efforts to combat a spike in crime
10 people you can't escape at Oktoberfest
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.