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.
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 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
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