Google Plus Facebook LinkedIn Twitter Vimeo RSS

Snyder's-Lance completes Snack Factory acquisition

By , - Last modified: October 12, 2012 at 10:04 AM

North Carolina-based Snyder’s-Lance Inc. has completed its acquisition of Snack Factory LLC, with its Pretzel Crisps brand, from California-based VMG Partners, the company said.

Snyder's-Lance unveiled the agreement in September for Snack Factory and certain affiliates that provides the company entry into the deli-bakery section of grocery stores, according to a news release.

The announced deal for $340 million in cash included about $60 million of net present value of future tax benefits, Snyder's-Lance previously said.

Snyder's-Lance said it reached a credit agreement providing for term loans of up to an aggregate principal amount of $325 million in connection with the acquisition, according to a regulatory filing.

Charlotte, N.C.-based Lance Inc. and York County-based Snyder's of Hanover formed Snyder's-Lance, a maker and marketer of snack foods under the Snyder's of Hanover, Lance, Cape Cod and other brands.

Shares of Snyder's-Lance are traded on the Nasdaq under the ticker symbol LNCE.

Write to the Editorial Department at

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!