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Owners May Sell KC-Based Russell Stover Candies

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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 that 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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