Former Snyder's-Lance owners purchase Abbottstown snack company
The former owners of Hanover-area Snyder's-Lance have purchased an Abbottstown-based snack company, G&S Foods/Tastysnack Quality Foods Inc.
Led by Tricia Warehime, the widow of late Snyder's-Lance Chairman Michael Warehime, MAW Acquisitions LP will retain the existing infrastructure of G&S Foods, but will be renamed G&S Foods LLC.
Terms of the transaction were not disclosed.
"Our family had just exited a snack food business in the community and wanted to put our knowledge back to work again locally," Warehime said in a press release.
New Jersey-based Campbell Soup completed a $6 billion deal to purchase Snyder's-Lance earlier this year. Campbell soup first announced plans last December to buy Snyder's-Lance following months of speculation about a deal between the two food industry giants.
G&S was established in York County in 1996. In 1999 it purchased Tastysnack Quality Foods and moved the headquarters of both companies to Abbottstown. G&S manufactures a variety of salty snacks.
"We were only interested in selling the business if we could find the absolute best fit for our employees, our customers and our community," Steve Garwick, co-owner of G&S Foods/Tastysnack, said in a statement. "Tricia Warehime offered that opportunity through her family owner/operator experience with Snyder’s of Hanover, her shared knowledge and passion for the snack food industry, and her commitment to continued investment in our community."
Assisting the new organization is a board comprised of former executives from Snyder's and Utz Quality Foods Inc., including: Tom Dempsey, most recently CEO of the Snack Food Association and formerly president of Utz; Ed Good, formerly divisional president of Snyder’s-Lance and CFO of Snyder’s of Hanover; Peter Michaud, formerly divisional president of Snyder’s-Lance; Dan Morgan, a former chief sales officer of Snyder’s-Lance.