Russell Stover Candies has been sold to Swiss company Lindt
First Boulevard, now Russell Stover Candies: Foreign buyouts are trending up locally as the economy brightens (for rich people). Multiple news outlets are reporting that Lindt, a Swiss chocolate maker, has purchased the longtime Kansas City company for somewhere in the $1 billion-$1.5 billion range. The Ward family, who own Russell Stover Candies, had reportedly been shopping the company around for a while now.
Once completed, the deal will make Lindt the third-largest chocolate maker in North America. An announcement from Lindt today indicated that Russell Stover’s headquarters will remain in Kansas City, where the company employs roughly 2,700 people.
Russell Stover Candies has had a KC presence since 1925, according to the company’s website.
