Snyders-Lance, Inc. (LNCE) Tops Q1 EPS by 3c; Guides FY14

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Go back to Snyders-Lance, Inc. (LNCE) Tops Q1 EPS by 3c; Guides FY14

Snyder's-Lance (LNCE) to Sell Private Brands to Shearer's Foods, LLC for $430M

May 7, 2014 6:19 AM EDT

Snyder's-Lance (NASDAQ: LNCE) announced a definitive agreement has been signed to sell Private Brands along with two manufacturing facilities in the U.S. and Canada to Shearer's Foods, LLC ("Shearer's"), a leading provider of private label snacks headquartered in Massillon, OH. The agreed upon sales price is $430 million. Consistent with the Snyder's-Lance Strategic Plan, this transaction will allow Snyder's-Lance to focus entirely on its branded products by placing more resources to work on growth categories such... More