Russell Stover Candies up for sale

The family that owns Russell Stover Candies is looking to sell company, the WSJ reports, adding that the U.S.'s third-largest candy producer could fetch over $1B.

Russell Stover is best known for its boxed chocolates, which are often given as gifts at holiday periods and made a cameo in "Forrest Gump" with the title character's line about life being "like a box of chocolates, you never know what you're gonna get."

The firm generates annual EBITDA of $60M on revenue of $600M.

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