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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 .
In 1993, Pet sold the Whitman's brand to Russell Stover Candies, the major supplier of boxed candy in the United States. [5] In July 2014, Russell Stover was acquired by the international company Lindt & Sprüngli. [6] In 1984, Whitman's introduced its light chocolate.
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.
Aug. 25—Whether the $700 million sale of Bazooka Candy Brands to a private equity firm will impact workers at a Scranton production plant is unclear. News outlets including The Wall Street ...
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.
Stover mentioned, “His latest single, ‘The Dazzling Kimberly,’ is making waves, and his debut album, *’Live On Record,’* has been warmly embraced by listeners.”