CAMDEN, N.J. (BUSINESS WIRE) — Campbell Soup Company announced Monday it has completed the acquisition of Snyder’s-Lance, Inc. for $50 per share in an all-cash transaction, which represents an enterprise value of approximately $6.1 billion. Snyder’s-Lance is a leading . CHARLOTTE, N.C., March 23, 2018 (GLOBE NEWSWIRE) -- Snyder’s-Lance, Inc. (Nasdaq:LNCE) announced today that its shareholders, at a special meeting held on March 23, 2018, approved the previously announced proposed acquisition of the Company by Campbell Soup Company. The acquisition creates an international snack foods company with a diversified product portfolio. On August 30, 2013, Snyder's-Lance acquired Stateline Service Corp. and no purchase price was disclosed. The acquisition, which has been approved by the Boards of Directors of both companies, will enable Campbell to expand its portfolio of leading snacking brands. Campbell Soup Co. has completed the acquisition of Snyder’s-Lance Inc. for $50 per share in an all-cash transaction, which represents an enterprise value of approximately $6.1 billion. Snyder’s-Lance entered the culinary nuts business as a result of the Company’s acquisition of Diamond Foods, Inc. in February 2016. The addition of leading snack food brands such as Kettle Brand® potato chips, KETTLE® Chips, Pop Secret® popcorn, Emerald® snack nuts, and Diamond of California® culinary nuts positions Snyder's-Lance to compete more broadly and with enhanced capabilities. Kraft Heinz has allegedly expressed an interest in acquiring Campbell Soup, but analysts believe the Goldfish crackers maker will retain some of its fast-growing businesses, including its recently acquired Snyder’s-Lance. The acquisition creates an international snack foods company with a diversified product portfolio. Overview. Dec 18, 2017. The latter four brands were part of the Snyder’s-Lance acquisition. The addition of leading snack food brands such as Kettle brand potato chips, Pop Secret popcorn, Emerald snack nuts and Diamond of California culinary nuts positions Snyder’s-Lance to compete more broadly and with enhanced capabilities. “The transformative Snyder’s-Lance acquisition served as a catalyst for us to re-examine how to best organize the company for increased emphasis on execution and profitable growth,” said Denise Morrison, Campbell’s president and CEO. The acquisition creates a powerful, international snack foods company with an innovative and diversified product portfolio. The transaction also expands the company’s … Snyder’s-Lance Inc., Charlotte, NC, completed of its acquisition of Diamond Foods Inc., San Francisco, on Feb. 29. 2019: Banque SYZ strengthens its Swiss private banking team: TE. This communication relates to a proposed acquisition of Snyder’s-Lance, Inc. ... All news about SNYDERS-LANCE: 2019: Amun starts as first ETP issuer at BX Swiss: TE. The agreement brings brands such as Kettle Brand potato chips, Pop Secret, Emerald snack nuts and Diamond of California nuts into the Snyder’s … 2019: Banque SYZ voted “Best Private Banking Boutique” TE. Snyder's-Lance entered into a definitive agreement to acquire Diamond Foods on October 28, 2015. Acquiring Organization: Snyder's-Lance Snyder's-Lance creates and markets snack foods throughout the United States and internationally. The acquisition creates an international snack foods company with an diversified product portfolio, according to the companies. Under the terms of the agreement, Diamond Foods stockholders receive 0.775 Snyder's-Lance shares and $12.50 in cash per share of Diamond Foods. The addition of leading snack food brands such as Kettle Brand® potato chips, KETTLE® Chips, Pop Secret® popcorn, Emerald® snack nuts, and Diamond of California® culinary nuts positions Snyder's-Lance to compete more broadly and with enhanced capabilities. Summary. “The acquisition of Snyder’s-Lance will accelerate Campbell’s strategy and is in line with our Purpose, ‘real food that matters for life’s moments.’ It will provide our consumers with an even greater variety of better-for-you snacks. Print Email. On September 6, 2012, Snyder's-Lance agreed to acquire Snack Factory for $312 million. To make its $4.9 billion purchase of Snyder’s-Lance work, Campbell Soup Co. will have to cut $170 million in annual costs from the combined operations by 2022.. That is … . Baptista's, an industry leader in baked snack foods and product innovation, is the manufacturer of the fast growing Snack Factory Pretzel Crisps brand and has unique capabilities consistent with the strategic plans of Snyder's-Lance. Snyder s-Lance has acquired 9 companies of its own, including 1 in the last 5 years. The acquisition creates a powerful international company. 2019: INVESTING WITH PURPOSE: SYZ has completed its latest sustainable finance soluti.. TE. Snyder’s-Lance, the US-based snack foods group, has completed its $1.91 billion acquisition of rival Diamond Foods. snyderslance.com: History. The combined companies have $10 billion in annual revenue, but the deal came at a significant cost to Campbell's balance sheet, which … "Snyder's-Lance represents a strategic and transformative acquisition for Campbell, creating a $10-billion company with nearly half of our annual net sales in the faster-growing snacks category," said Denise Morrison, Campbell’s President and Chief Executive Officer.