Russell Stover Candies

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Russell Stover Candies
Subsidiary
Industry Chocolate confections
Founded Denver, Colorado, U.S. (1923)
Founder Russell Stover and Clara Stover
Headquarters Kansas City, Missouri, United States
Number of locations
Kansas City, Missouri, Chicago, Illinois
Products Chocolate Confections
Owner Lindt & Sprüngli
Parent Lindt & Sprüngli
Subsidiaries Whitman's, Pangburn's Chocolates, and Weight Watchers (Private Label))
Website http://www.russellstover.com/
Christian Kent Nelson, co-founder with Russell Stover, of the "Eskimo Pie" ice cream bar, portrait from 1922
Russell Stover headquarters in Kansas City, Missouri

Russell Stover Candies, Inc., founded by Russell and Clara Stover, is a supplier of candy, chocolate, and confections in the United States. The corporate headquarters are in Kansas City, Missouri.

In July 2014 the company was acquired by the international company Lindt & Sprüngli.[1]

History[edit]

Eskimo Pie years[edit]

Russell Stover Candies did not start with candy. In 1921, Russell Stover and his partner, Iowa schoolteacher Christian Kent Nelson, created the world's first chocolate-dipped ice cream bar. At a dinner party, Russell's wife Clara Stover suggested calling it an Eskimo Pie. The product was a success for them, making them quite a fortune in their first year.[2]

Chocolate candies[edit]

However, as other companies soon began to release similar chocolate-dipped ice cream products, Russell Stover was nearly forced out of business. The Stovers sold their share of the company for $25,000 and moved to Denver, Colorado. In 1923, Russell and Clara created the new eponymous company from their home, packaging and selling boxed chocolates. They were originally named "Mrs. Stover's Bungalow Candies". However, 20 years later, in 1943, it was renamed Russell Stover Candies.[3]

Expansion[edit]

The company remained in the Stover family until 1969 when it was purchased by Louis Ward, who transformed the Midwest regional brand into a world-wide brand. The company expanded is chocolate brands by acquiring Whitman's in 1993 [4] and Pangburn's in 1999.[5] It was owned by the Ward family until July 14, 2014, when the Swiss chocolate maker Lindt bought Russell Stover Candies.[6]

Russell Stover Candies is the nation’s leading manufacturer of boxed chocolates and the third largest American chocolate manufacturer, trailing only Hershey and Mars. The company’s three brands – Russell Stover, Whitman's, and Pangburn's – account for more than 60 percent of all boxed chocolate sales in the United States.[7] Russell Stover candies are sold in nearly 40 company-owned retail stores and through 70,000 wholesale accounts in more than 20 countries, including the United States, Canada, and the United Kingdom. The company manufactures nearly 100 million pounds of chocolate annually.

References[edit]

  1. ^ "MEDIA RELEASE" (PDF). 14 Jul 2014. Retrieved 25 Nov 2014. 
  2. ^ "History of Russell Stover Candies Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 12 June 2017. 
  3. ^ "Russell Stover Chocolates Timeline - Russell Stover Chocolates". www.russellstover.com. Retrieved 12 June 2017. 
  4. ^ "Russell Stover Chocolates Timeline - Russell Stover Chocolates". www.russellstover.com. Retrieved 12 June 2017. 
  5. ^ "Brands That I Love". 1 March 2003. Retrieved 12 June 2017. 
  6. ^ Bray, Chad. "Swiss Chocolate Maker Lindt Will Buy Russell Stover Candies". DealBook. Retrieved 12 June 2017. 
  7. ^ "Corp Profile". Retrieved 12 June 2017. 

External links[edit]