Campbell's Deal For Snyder's-Lance To Close Monday
The sale of Charlotte-based snack maker Snyder's-Lance to Campbell Soup Company is scheduled to close Monday. Snyder's-Lance says shareholders overwhelmingly approved the $4.9 billion deal at a special meeting Friday.
The sale was announced in December. Campbell Soup says the acquisition would allow it to expand its distribution channels in the crowded snack market.
Snyder's-Lance makes Lance peanut butter crackers and Snyder's of Hanover pretzels. It was formed by the 2010 merger of Lance with Pennsylvania-based Snyder's of Hanover.
Lance was founded in Charlotte in 1913, selling roasted peanuts on the city streets.