Snyder's-Lance
This article needs to be updated.(October 2017) |
Type | Subsidiary |
---|---|
Industry | Food |
Predecessor | Lance Inc. Snyder's of Hanover |
Founded | December 6, 2010[1] |
Headquarters | , |
Key people | James Johnston, Chairman Brian Driscoll, CEO |
Products | Snack food |
Brands | |
Parent | Campbell's |
Website | campbellsnacks.com |
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.
History[]
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]
References[]
- ^ a b "Lance, Inc. and Snyder's of Hanover, Inc. Announce Merger Completion (NASDAQ:LNCE)". Ir.lanceinc.com. Retrieved 2013-09-04.
- ^ Scott-Thomas, Caroline (23 July 2010). "Snyder's-Lance merger creates no. 2 US salty snack company". Bakeryandsnacks.com. Retrieved 29 October 2014.
- ^ "Snyder's-Lance Pacts To Acquire Snack Factory For $340M In Cash". Vending Times. September 6, 2012. Retrieved September 7, 2012.
- ^ "Snyder's-Lance Acquires New England Distributor Stateline Service Corp". Vending Times. August 30, 2013. Retrieved September 4, 2013.
- ^ "Snyder's-Lance being sold to Campbell Soup in $5B deal". www.bizjournals.com. Retrieved 2017-12-18.
External links[]
- Official website
- Historical business data for Synyder's-Lance:
- SEC filings
Wikimedia Commons has media related to Snyder's-Lance. |
- Companies based in Charlotte, North Carolina
- Snack food manufacturers of the United States
- Companies formerly listed on the Nasdaq
- 2018 mergers and acquisitions
- Campbell Soup Company
- Food and drink companies established in 2010
- American companies established in 2010
- 2010 establishments in North Carolina