Russell Stover may be sold for more than $1 billion

America’s third largest chocolate company considers selling

February 26, 2014
/ Print / Reprints /
/ Text Size+


Russell Stover, the top seller of fine-boxed chocolates in the U.S., could sell for more than $1 billion, The Wall Street Journal reports.

It is unclear why Russell Stover is considering a sale, but Goldman Sachs Group Inc. is helping to pick the price tag according to The Wall Street Journal.

Russell Stover didn’t intend to publicize the ongoing matter, but released a statement Friday after the story leaked.

It isn’t for certain the company will follow through with the sweet deal. It’s largely focused on learning the perceived value, says Robbie Vorhaus, a company spokesman.

“There is no imminent sale,” Vorhaus says. “It’s part of a strategy for how to continue to grow and build the business.”

The Ward family has run the 91-year-old Kansas City company since Louis Ward bought it from Stover’s widow in 1960.

It is the country’s third largest chocolate maker after Hershey and Mars, focusing mostly on boxed and gift chocolates as opposed to candy bars.

Born in a bungalow candy shop, it now sells in more than 70,000 drug stores, card and gift shops, grocery stores, department stores and retail stores throughout the U.S. and Canada.

Did you enjoy this article? Click here to subscribe to Candy Industry

Recent Articles by Valerie King

You must login or register in order to post a comment.



Image Galleries

A Venetian Carnival, a Jelly Belly sculpture and gourmet chocolates! Oh my!

Candy Industry takes you into the French Pastry’s School For the Love of Chocolate event in Chicago, held Feb. 25.

Candy Industry Magazine

Candy August 2014 Cover

August 2014

August with Candy Industry features Kettle Award winners, jelly beans, and more!
Table Of Contents Subscribe

Confectionary Sales

Are you noticing an increase in confectionery sales that would led you to believe the economy is finally coming back?
View Results Poll Archive

Candy Industry Store

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Candy Industry\natural-food-flavors-colora.gif
Natural Food Flavors and Colorants

Although many foods are appealing, and even perceived as natural, in spite of containing synthetic additives, consumer increasingly prefer food products which are fully natural.

More Products

Candy Industry's Kettle Awards

Kettle Awards

Since 1946, Candy Industry magazine has recognized leaders in the U.S. confectionery industry with the highest recognition possible, the Kettle Award. The distinguished recipients have captured this most coveted award by not only excelling within their companies, but by contributing to the greater good of the industry. It’s virtually a who’s who of past and present professionals who have left their mark as confectioners and business mavens. Learn more about the voting process as well as the annual Kettle Awards Ceremony by visiting our Kettle Awards Website

Clear Seas Research

Clear SeasWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


fb40   twitter 40    youtube40    linked   Google+