ZURICH, July 14 (Reuters) : Swiss chocolate maker Chocoladefabriken Lindt & Spruengli said it had agreed to acquire family-owned US candy business Russell Stover, making it the no 3 chocolate manufacturer in North America.
The Swiss company did not disclose financial details of the transaction, which is expected to help the group exceed sales of $1.5 billion in North America in 2015.
"This biggest and most important strategic acquisition to date in Lindt & Spruengli's history is a unique opportunity for us to expand our North American chocolate business," Lindt Chairman and Chief Executive Ernst Tanner said in a statement.
Swiss chocolate maker Lindt agrees to buy Russell Stover
FE Team | Published: July 15, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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