Friday September 7, 2012
Snyder’s-Lance Acquires Snack Factory
Charlotte, NC — Snack Factory, LLC is being acquired by Snyder’s-Lance, Inc. in a $340 million transaction expected to close during the fourth quarter.
The agreement, which includes several Snack Factory affiliates, is expected to add $160 million to Snyder’s-Lance’s estimated 2013 net revenues, the company says.
David V. Singer, CEO, Snyder’s-Lance, says: “We are excited about the opportunity to add the Snack Factory family of products to our growing portfolio of outstanding snack food brands. The team at Snack Factory has done an amazing job of developing such a successful brand with a loyal following. We look forward to bringing together our collective strengths as Snyder’s-Lance continues to build an even stronger snack foods company.”