Nutrition Capital Network news:Snyder's Agrees to Acquire Snack Factory

Nutrition Capital Network news:Snyder's Agrees to Acquire Snack Factory

Snyder's-Lance Inc. (Charlotte, N.C.) has entered into a definitive agreement to acquire Snack Factory LLC (Princeton, N.J.), the maker of Pretzel Crisps, for $340 million in cash. This includes approximately $60 million of net present value of future tax benefits. The acquisition is expected to add approximately $160 million to estimated 2013 net revenue and to provide entry into the deli-bakery section of grocery stores. Snack Factory was founded in 2004 by Sara and Warren Wilson, who pioneered the first flat pretzel-shaped cracker under the Pretzel Crisps brand. Snyder's-Lance, which makes pretzels, cookies, tortilla chips, nuts and other snacks, was formed in December 2010 as a result of the merger of Lance Inc. and Snyder's of Hanover Inc. Net revenues for the year ended December 31, 2011, were $1.64 billion. Snack Factory is a portfolio company of private equity firm VMG Partners.



Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

For more finance and investment information, visit Nutrition Capital Network news.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.