Snyder's-Lance

Snyder's-Lance, Inc. is the second largest salty snack maker in the United States.[2] It was formed by the 2010 merger of Lance Inc. and Snyder's of Hanover.[1] As of 2018, it is a subsidiary of the Campbell Soup Company.

Snyder's-Lance, Inc.
TypeSubsidiary
IndustryFood
PredecessorLance Inc.
Snyder's of Hanover
FoundedDecember 6, 2010 (2010-12-06)[1]
Headquarters,
Key people
James Johnston, Chairman
Brian Driscoll, CEO
ProductsSnack food
Brands
ParentCampbell's
Websitecampbellsnacks.com

HistoryEdit

On September 6, 2012, Snyder's-Lance agreed to acquire Snack Factory for $312 million. Snyder's-Lance expected the acquisition to close early fourth quarter.[3] On August 30, 2013, Snyder's-Lance acquired Stateline Service Corp. and no purchase price was disclosed.[4] In 2016, Snyder's-Lance acquired Diamond Foods in a cash and stock merger transaction bringing Kettle Brand, Diamond of California, Pop-Secret and other snack brands under the Snyder's-Lance umbrella. On December 18, 2017, the company announced it had accepted Campbell Soup Company's offer to purchase the company. At time of the announcement, the purchase was valued at $4.9 billion.[5]

ReferencesEdit

  1. ^ a b "Lance, Inc. and Snyder's of Hanover, Inc. Announce Merger Completion (NASDAQ:LNCE)". Ir.lanceinc.com. Retrieved 2013-09-04.
  2. ^ Scott-Thomas, Caroline (23 July 2010). "Snyder's-Lance merger creates no. 2 US salty snack company". Bakeryandsnacks.com. Retrieved 29 October 2014.
  3. ^ "Snyder's-Lance Pacts To Acquire Snack Factory For $340M In Cash". Vending Times. September 6, 2012. Retrieved September 7, 2012.
  4. ^ "Snyder's-Lance Acquires New England Distributor Stateline Service Corp". Vending Times. August 30, 2013. Retrieved September 4, 2013.
  5. ^ "Snyder's-Lance being sold to Campbell Soup in $5B deal". www.bizjournals.com. Retrieved 2017-12-18.

External linksEdit