LNCE Profile
Snyder's-Lance, Inc., a snack food company that was founded in 1912 and is based in Charlotte, North Carolina. The company produces a variety of snack food products, including pretzels, crackers, cookies, and chips, under several brand names such as Snyder's of Hanover, Lance, and Kettle.
Snyder's-Lance operates in two segments: the Branded segment and the Private Brands segment. The Branded segment includes products sold under the company's own brand names, while the Private Brands segment produces snacks for third-party customers.
In December 2017, Campbell Soup Company acquired Snyder's-Lance for $50 per share in an all-cash transaction.
As of 2021, Snyder's-Lance continues to operate as a subsidiary of Campbell Soup Company, and the company's products are sold throughout the United States and in select international markets.
In terms of financial performance, Snyder's-Lance reported net revenue of $2.2 billion in 2016, with a net income of $98.5 million. However, the company has experienced some fluctuations in financial performance in recent years, with net revenue decreasing slightly to $2.1 billion in 2017 and then increasing to $2.2 billion in 2018.
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