Profile: Snyder's-Lance Inc (LNCE.OQ)

LNCE.OQ on NASDAQ Stock Exchange Global Select Market

31.71USD
1:01pm EDT
Price Change (% chg)

$-0.26 (-0.81%)
Prev Close
$31.97
Open
$31.76
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$31.80
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Volume
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$32.44
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$22.24

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Snyder's-Lance, Inc. (Snyder's-Lance), incorporated on December 14, 1926, is engaged in the manufacturing, distribution, marketing and sale of snack food products. The products include pretzels, sandwich crackers, kettle chips, pretzel crackers, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts and restaurant style crackers. Additionally, the Company purchases certain cakes, meat snacks and candies sold under its brands and partner brand products for resale. The products are packaged in various single-serve, multi-pack and family-size configurations. On June 12, 2012, the Company acquired O'Byrne Distributing, Inc. On October 11, 2012, the Company completed the acquisition of Snack Factory, LLC. Snack Factory develops, markets and distributes snack food products under the Pretzel Crisps brand name. On February 25, 2013, the Company closed down its Cambridge plant facility.

The Company sells and distributes branded products to retailers through its nationwide distribution network using. The Company's branded products are sold under trade names owned by the Company. The Company sells private brand products directly to retailers and distributors using certain store brands or its own control brands. In addition, the Company contracts with other branded food manufacturers to produce their products and periodically sells certain semi-finished goods to other manufacturers. The Company distributes snack food products throughout the United States using a direct-store-delivery (DSD) network of approximately 3,000 distribution routes.

Through the Company's distribution network, the Company sells its branded and partner brands products to grocery/mass merchandisers, club stores, discount stores, convenience stores, food service establishments and various other retailers including drug stores, schools, military and government facilities, and up and down the street outlets, such as recreational facilities, offices and other independent retailers. The Company also contracts with other branded food manufacturers to manufacture their products or provides semi-finished goods. The Company's revenues from its retailer, Wal-Mart Stores, Inc., were approximately 18% as of December 29, 2012.

Company Address

Snyder's-Lance Inc

Suite 900
13024 Ballantyne Corporate Place
CHARLOTTE   NC   28277
P: +1704.5541421
F: +1704.5545562

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