Snyder's-Lance

Snyder's-Lance, Inc.
Company typeSubsidiary
Nasdaq: LNCE
IndustryFood
PredecessorLance Inc.
Snyder's of Hanover
FoundedDecember 6, 2010; 14 years ago (2010-12-06)[1]
Headquarters
Charlotte, North Carolina
,
U.S.
Key people
James Johnston (chairman)
Brian Driscoll (CEO)
ProductsSnack food
Brands
List
ParentThe Campbell's Company
Websitecampbellsnacks.com

Snyder's-Lance, Inc. is the second largest salty snack maker in the United States. It was formed by the 2010 merger of Lance Inc. and Snyder's of Hanover.[1] The company is a subsidiary of The Campbell's Company[2] (known before November 2024 as 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 entered to an agreement to accept Campbell Soup Company's offer to purchase the company. At time of the announcement, the purchase was valued at $4.9 billion.[5] On January 18, 2023, Campbell Soup Company announced that the Campbell Snacks offices in Charlotte, North Carolina, and Norwalk, Connecticut, would be shut down with operations being consolidated at the company's headquarters in Camden, New Jersey.[6]

References

  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". Bizjournals. December 18, 2017. Retrieved December 18, 2017.
  6. ^ "Campbell to Consolidate Snacks Offices and Invest $50 Million in Camden Headquarters to Fuel Next Chapter of Growth". Campbell Soup Company. January 18, 2023. Retrieved January 19, 2023.
  • Official website Edit this at Wikidata
    • Historical business data for Snyder's-Lance:
    • SEC filings
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