Snyder's-Lance facts for kids
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| Subsidiary | |
| Industry | Food |
| Predecessor | Lance Inc. Snyder's of Hanover |
| Founded | December 6, 2010 |
| Headquarters | , |
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Key people
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James Johnston, Chairman Brian Driscoll, CEO |
| Products | Snack food |
| Brands | |
| Parent | Campbell's |
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. The company 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. 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's offer to purchase the company. At time of the announcement, the purchase was valued at $4.9 billion.
