Choco-owner
Love chocolate?
The family that owns Russell Stover Candies is looking to sell company, the WSJ reports, adding that the U.S.'s third-largest candy producer could fetch over $1 billion.
Wanna be a choco-owner? Oh man, how awesomely cool would that be?!?!?!
The Russell Stover brands (including Whitman's) represent half of all U.S. sales of boxed chocolates and sugar-free candies, the statement said. They sell in 37 company-owned stores and through 70,000 distributors in the United States and Canada.
Apparently, Russell Stover ranks behind only Hershey and Mars in chocolate production here in the U.S.
That makes them a pretty big dog.... and an attractive takeover target for someone. Someone with like $950m of spare cash.
The Russell Stover story is fascinating. Read more here: http://mobile.businessweek.com/articles/2014-02-13/how-russell-stover-won-the-valentines-chocolate-war
Out for now.....
Matt
