Snack mix: Lance to merge with pretzel maker
Jul 23, 2010 9:17:00 AM - thestate.com
Charlotte-based snack company Lance and pretzel giant Snyder’s of Hanover are combining their salty and sweet snack food products into one package.
The two snack-makers announced Thursday that they had agreed to a stock-for-stock merger that will create a publicly traded company called Snyder’s-Lance.
With the deal, the companies said they would be the No. 2 salty-snack company, with the top ranking in pretzels and sandwich crackers.
The new company will use Lance’s Charlotte offices as its corporate headquarters, with an additional headquarters in Snyder’s hometown of Hanover, Pa.
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