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Owners of Russell Stover Candies considering sale

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News,Business

KANSAS CITY, Mo. (AP) — The family that owns Russell Stover Candies and Whitman's Candies is exploring a possible sale for the businesses.

The Kansas City Star reports (http://bit.ly/1daOLJ4 ) the Ward family, which bought Russell Stover in 1960, has hired the investment banking firm Goldman Sachs to assess the value of the businesses and consider the family's options.

A spokesman for the Ward family, which owns the boxed-candies businesses, says no sale is imminent.

The company says the Russell Stover and Whitman's brands represent half the sales of boxed chocolates and sugar-free candies. They are sold in nearly 40 company-owned stores and through 70,000 wholesale distributors in the United States and Canada.

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Information from: The Kansas City Star, http://www.kcstar.com

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