KC’s Russell Stover Poised to Be Sold to Swiss Company for $1.5 Billion
The Swiss maker of Lindt chocolate is closing in on a deal to acquire Kansas City-based Russell Stover Candies, the storied U.S. boxed-chocolate maker, according to a person briefed on the matter.
Russell Stover was expected to sell for about $1.5 billion, according to a Wall Street Journal report. The closely held company has about 4,500 employees.
A spokesman for Russell Stover declined to comment to The Kansas City Star on Sunday.
Chocoladefabriken Lindt & Sprüngli AG, the Swiss company, was among several confectioners that placed bids for the privately held Russell Stover in recent months.
More: KC’s Russell Stover Poised to Be Sold to Swiss Company for $1.5 Billion