Wrigley To Buy Russia’s Korkunov for $300M
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
CHICAGO — Gum and candy maker Wm. Wrigley Jr. Co. said yesterday it’s moving into chocolate, announcing the acquisition of an 80% stake in Russian premium-chocolate company A. Korkunov for $300 million.
Wrigley said it will finance the purchase with available cash and a “modest” amount of debt and buy the remaining 20% interest in Korkunov over time.
