QUICK LINKS: Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:  Follow VendingTimes on Twitter 

Bookmark this site



 
Issue Date: Vol. 50, No. 12, December 2010, Posted On: 12/7/2010


Snyder's And Lance Complete Merger


Emily Jed
Emily@vendingtimes.net
Lance Inc., Snyder's of Hanover, vending, vending machine business, vending foods, vending supplies, Snyders-Lance

CHARLOTTE, NC -- Lance Inc. and Snyder's of Hanover Inc. announced the completion of their merger, first announced in July. [see story]

The new company, named Snyder's-Lance Inc., will maintain the stock ticker symbol "LNCE" with shares traded on the Nasdaq exchange.

The combined company's well-established portfolio of snack food brands will consist of pretzels, sandwich crackers, potato chips, cookies, tortilla chips and nuts under brands including Snyder's of Hanover, Lance, Cape Cod, Tom's, Jays, O-Ke-Doke, Stella D'oro, Krunchers! and Archway.  

Officials said the merger gives Snyder's-Lance a national distribution footprint, including one of the largest direct store delivery networks in the U.S. The new company will compete against PepsiCo Inc.'s Frito-Lay in the salty snacks business.

"We expect to drive our business through the strength of nationwide distribution, national advertising, and an excellent portfolio of products and capabilities that consumers prefer," said Carl E. Lee Jr., president and chief operating officer of the combined company.


Topic: Vending Features

Articles:
  • Vengo Raises $2M To Expand Mini Vending Machine And Digital Media Ad Platform; Partners With CC Vending
  • Coca-Cola Plans To Operate 100% Solar-Powered Vending Machine
  • Crane Introduces Enhanced Merchant Media Touch Vending Machines
  • Crane And USConnect Team Up To Benefit From Integrated Vending Technology
  • FCC Approves First Machine-To-Machine Cell Signal Booster

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570