© 2023 WFAE
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

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.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.