Acquisition closed
Lindt & Sprüngli acquires Russell Stover and Whitman's (2014)
Lindt & Sprüngli completed the acquisition of Russell Stover and Whitman's on 8 September 2014 for CHF 1.5 billion.[1][2]
Lindt & Sprungli bought Russell Stover Candies as an asset deal for CHF 1,499.6 million in cash, of which CHF 716.1 million was goodwill. The company calls it the biggest and most important strategic acquisition in its history: it brought Whitman's and Pangburn's with it and made the Swiss chocolatier the third largest chocolate manufacturer in North America.
Deal facts
- Announced
- Not recorded
- Closed
- Value
- CHF 1.5 billion (enterprise value)
- Buyer
- Lindt & Sprüngli
- Seller
- —
- Assets
- Russell Stover, Whitman's
- Regulatory review
- None recorded
Ownership changes recorded from this deal
| Owner | Owned | Relationship | Stake | From | To |
|---|---|---|---|---|---|
| Lindt & Sprüngli | Russell Stover | owns | 100% | 2014-09-08 | present |
| Lindt & Sprüngli | Whitman's | owns | 100% | 2014-09-08 | present |
Who owns these brands today?
- Russell Stover — owned by Lindt & Sprüngli since 2014
- Whitman's — owned by Lindt & Sprüngli since 2014
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Lindt & Sprungli Annual Report 2014, note 32 - business combinations (Internet Archive capture) — Chocoladefabriken Lindt & Sprungli AG, Annual report; retrieved 16 September 2026.
- [2] Chocoladefabriken Lindt & Sprungli AG - the history of Lindt & Sprungli — Chocoladefabriken Lindt & Sprungli AG, Official document; retrieved 16 September 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.