QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

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:
  • NAMA Offers Eight Tips To Help Vending Industry Prepare For FDA's Dec. 1 Calorie-Disclosure Deadline
  • Expovending & OCS Planners Re-Slot Brazilian Show To March 2017
  • Oakland Soda Tax To Be Included On November Ballot
  • Swire Coca-Cola Finalizes Refranchising For Arizona And New Mexico
  • IoT Publication Honors USA Technologies' Maeve McKenna Duska In First Annual List Of Leaders

Copyright © 2016 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