Lindt eyes sweet taste of Russell Stover
Swiss chocolatier Lindt
New York - AFP
Swiss chocolatier Lindt & Spruengli is considering buying for about $1.5 billion US company Russell Stover, famed for its boxed chocolates, The Wall Street Journal reported Sunday.
The Wards, the family that bought Russell Stover from its founders in 1960, put it up for sale earlier this year and hired Goldman Sachs Group to execute the deal.
Lindt & Spruengli reported record results in 2013 and has big international ambitions to expand its presence in markets including North and South America.
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