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Russell Stover Chocolates, Inc. is an American manufacturer of candy, chocolate, and confections. Founded by Russell Stover , an American chemist and entrepreneur, and his wife Clara Stover in 1923, it is an independent subsidiary of Swiss chocolatier Lindt & Sprüngli .
Clara Stover operated the company until 1960, when it was sold to Louis Ward for $7.5 million. At the time of the purchase, Mr. Ward owned a box company that had Russell Stover Candies as an important customer. [8] The Ward family owned the brand until July 14, 2014, when the Swiss chocolate-maker Lindt bought Russell Stover Candies. At the ...
On 14 July 2014, Lindt bought Russell Stover Candies, maker of Whitman's Chocolate, for about $1 billion, the company's largest acquisition to date. [17] Due to the 60% praline market share of Russel Stover, Lindt became the third largest chocolate company in North America, while also having a presence with its other brands. [18]
Louis Larrick Ward (November 18, 1919 - February 10, 1996) was an American businessman who successfully turned the Russell Stover Candies company into an international brand after purchasing the company in 1960.
Released in the early ’70s to coincide with the movie “Charlie and the Chocolate Factory,” Wonka Bars weren’t exactly a runaway hit: Made by candy newbie Quaker, they often melted during ...
The online Russell Stover history states that the Whitman's Sampler was introduced in 1912, and by 1915 it was the most popular of Whitman's line of candy. Also in 1915 the Messenger Boy molded chocolate piece was added to the assortment. [7]
He then formed the well-known chocolate manufacturer Russell Stover Candies. [6] Nelson became independently wealthy off the royalties from the sale of Eskimo Pies. In 1922, he was selling one million pies a day. [5] Nelson then sold his share of the business to the United States Foil Company, which made the Eskimo Pie wrappers.
Clara Mae Stover (1882–1975) was the wife of candy maker Russell Stover, and co-founder of Russell Stover Candies. A lifelong participant in the business, she ran the company for six years following Russell's death.