Snyder's Lance

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Snyder's-Lance, Inc.
legal form Corporation
founding December 6, 2010
Seat Charlotte , United States
management Brian J. Driscoll, CEO
Number of employees 5,900
sales 2,227,000,000 USD
Branch Food
Website www.snyderslance.com
As of December 30, 2017

Snyder's-Lance, Inc. is one of the largest US manufacturers of savory biscuits . In fiscal 2017 (December 30th), the company had sales of around $ 2.2 billion.

history

The company, which is listed on the NASDAQ stock exchange and based in Charlotte , North Carolina , was created in 2010 through the merger of the snack manufacturer Lance , which has existed since 1913, with Snyder's of Hanover from Hanover , Pennsylvania , which was founded in 1909 , making it the second largest savory biscuit manufacturer in the USA ( behind Frito-Lay ).

In 2012 Snyder's-Lance acquired Snack Factory for $ 340 million , and the following year at an undisclosed price, Massachusetts- based snack distributor Stateline Service Corporation .

In October 2015, an agreement was signed for the complete takeover of Diamond Foods for around 1.9 billion dollars including the debt of around 640 million dollars. The Californian manufacturer Diamond Foods , embroiled in a balance sheet scandal in 2012, is known for a range of snacks and nuts that partly dispense with genetic engineering and artificial ingredients and achieved sales of $ 854 million in the 2014/2015 financial year. The previous shareholders of Diamond Foods (the largest of which is the investment company Oaktree Capital ) will hold around 26% of Snyder's-Lance after the transaction is expected to be completed in spring 2016. The Kellogg Company had also shown interest in the takeover .

In March 2018, Snyder's-Lance was taken over by the Campbell Soup Company .

Web links

Individual evidence

  1. ↑ a b Snyder's Lance 2017 Form 10-K Report , accessed on May 10, 2018
  2. ^ Snyder's Lance, Inc .: Item 6. Selected Financial Data. In: Form 10-K. United States Securities and Exchange Commission , March 4, 2015, accessed September 20, 2016 .
  3. ↑ Gus G. Sentementes: Snyder's of Hanover to merge with N. Carolina snack maker Lance. In: The Baltimore Sun . July 22, 2010, accessed September 20, 2016 .
  4. ^ Laureate: Philip Lance, Salem A. Van Every. In: North Carolina Business Hall of Fame. 2004, accessed September 20, 2016 .
  5. ^ Caroline Scott-Thomas: Snyder's-Lance merger creates no. 2 US salty snack company. In: Bakery and Snacks. William Reed Business Media, July 23, 2010, accessed September 20, 2016 .
  6. ↑ Snyder's-Lance to buy Snack Factory for $ 340 million. Reuters , September 5, 2012, accessed September 20, 2016 .
  7. ↑ snyder's-lance acquires snack food distributor. In: http://www.foodbusinessnews.net . Sosland Publishing Co., August 28, 2013, accessed September 20, 2016 .
  8. ↑ Thomas Mulier, Craig Giammona: Snyder's-Lance Agrees to Buy Diamond Foods for $ 1.27 Billion. In: Bloomberg News . Bloomberg LP , October 28, 2015, accessed September 20, 2016 .
  9. ↑ ssu: Chips plus muesli: Kellogg's buys Pringles. In: Spiegel Online . Spiegel Online GmbH, February 15, 2012, accessed on September 20, 2016 .
  10. ↑ Kettle Brand TIAS All Natural Tortilla Chips. In: TruthinAdvertising.org. Truth in Advertising, 2015, accessed September 20, 2016 .
  11. ^ About Diamond. In: company website. Diamond Foods, Inc., 2016, accessed September 20, 2016 .
  12. ↑ Diamond Foods, Inc .: Item 6. Selected Financial Data. In: Form 10-K. United States Securities and Exchange Commission , October 1, 2015, accessed September 20, 2016 .
  13. ↑ Josh Kosman: Diamond Foods seeks to sell company in pieces. In: MarketWatch. Dow Jones & Company , October 1, 2015, accessed September 20, 2016 .
  14. ↑ Diana Key: Snyder's-Lance to Acquire Diamond Foods for ~ $ 1.9 Billion. In: marketrealist.com. Market Realist, Inc., October 30, 2015, accessed September 20, 2016 .
  15. ^ Campbell Soup Company - Investor Center - News Release. Accessed March 31, 2018 .