Lance Inc. facts for kids
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| Subsidiary | |
| Traded as | NASDAQ: LNCE |
| Industry | Food |
| Founded | 1913 |
| Founder | Phillip Lance |
| Headquarters | Charlotte, North Carolina, U.S. |
| Products | Snack food |
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Number of employees
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5,500 |
| Parent | Snyder's-Lance |
Lance, Inc. is a well-known American company that makes yummy snack foods. It's part of the Snyder's-Lance company, which has its main office in Charlotte, North Carolina. Since 2018, Snyder's-Lance has been owned by the Campbell Soup Company, which makes many different food products.
Contents
The Story of Lance
How It All Started
The Lance Cracker Company began in 1913. It was started by a person named Philip Lance in Charlotte, North Carolina. The company grew, and by 1926, they had built a big factory at 310 Arlington Avenue to make their snacks.
Joining Forces: Lance and Snyder's
On July 22, 2010, Lance announced exciting news! They decided to team up with another snack company called Snyder's of Hanover. This big partnership created a new company named Snyder's-Lance Inc.
The new company continued to be traded on the stock market under the symbol LNCE. Its main office stayed right in Charlotte, North Carolina. On December 2, 2010, the people who owned shares in Lance agreed to the deal. This merger made Snyder's-Lance the second-largest snack food company in the United States!
What Are "Nabs"?
You might have heard people call some snack crackers "nabs." This is a special name that became popular because of another company, Nabisco.
The name "NAB" started in 1924. That's when the National Biscuit Company (Nabisco) introduced a new snack. It was a "Peanut Sandwich Packet" that cost only 5 cents! They later added a "Sorbetto Sandwich Packet." These small packets made it easy for salespeople to sell snacks in many places. They sold them at soda fountains, roadside stands, and lunch rooms. Sales grew quickly! In 1928, the company officially started using the short name "NAB," and everyone loved it.
Delicious Lance Products
Lance makes many different kinds of snacks. Here are some of their popular products:
- Cracker and cookie sandwiches:
- ToastChee
- Toasty
- Malt
- Whole Grain
- Captain's Wafers
- Nekot
- Quick Starts
- Various flavored nuts and seeds
- Gold-n-Chees crackers
- Different kinds of flavored popcorns
