Snyder's-Lance, Inc. is the second largest salty snack maker in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. It was formed by the 2010 merger of
Lance Inc.
Lance is an American brand of snack foods owned by the Snyder's-Lance company headquartered in Charlotte, North Carolina. As of 2018, Snyder's-Lance is owned by Campbell's.
Merger
On July 22, 2010, Lance announced that it would merge with Snyder's ...
and
Snyder's of Hanover
Snyder's of Hanover is an American bakery and pretzel brand distribution company based in Hanover, Pennsylvania, specializing in German traditional pretzels. Its products are sold throughout the United States, Canada, many European nations, Asia, ...
.
The company is a subsidiary of the
Campbell Soup Company
Campbell Soup Company, trade name, doing business as Campbell's, is an American processed food and snack company. The company is most closely associated with its flagship canned soup products; however, through mergers and acquisitions, it has gro ...
.
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. On August 30, 2013, Snyder's-Lance acquired Stateline Service Corp. and no purchase price was disclosed. In 2016, Snyder's-Lance acquired
Diamond Foods
Diamond Foods was an American packaged food company based in San Francisco, that marketed nuts (particularly walnuts and almonds) and other snack foods. Diamond Foods was acquired by Snyder's-Lance in 2016, and as of 2018, Campbell Soup Company ...
in a cash and stock merger transaction bringing
Kettle Brand
Kettle Foods, Inc. is an American manufacturer of potato chips, based in Salem, Oregon, United States, with a European and Middle East headquarters in Norwich, United Kingdom. As of 2006 they were the largest natural potato chip brand in the U.S ...
,
Diamond of California
Diamond Foods was an American packaged food company based in San Francisco, that marketed nuts (particularly walnuts and almonds) and other snack foods. Diamond Foods was acquired by Snyder's-Lance in 2016, and as of 2018, Campbell Soup Compan ...
,
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
Campbell Soup Company, trade name, doing business as Campbell's, is an American processed food and snack company. The company is most closely associated with its flagship canned soup products; however, through mergers and acquisitions, it has gro ...
's offer to purchase the company. At time of the announcement, the purchase was valued at $4.9 billion.
References
External links
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{{Campbell Soup Company
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