Mon, February 24, 2014
Citing “people familiar with the matter,”
the
Wall Street Journal
reported
that family-owned Russell Stover Candies Inc. is exploring a sale of the company.
The Kansas City, Mo.-based company could sell for more than $1 billion, the article said. It generates annual revenues of about $600 million and around $60 million in earnings before interest, tax, depreciation and amortization and is the third-largest candy producer in the U.S., according to the report. (Source:
Wall Street Journal,
Feb. 21, 2014.)
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