M&A Deal Summary

Campbell s Acquires Snyder s-Lance

On December 18, 2017, Campbell s acquired food company Snyder s-Lance for 4.9B USD

Acquisition Highlights
  • This is Campbell s’ 12th transaction in the Food sector.
  • This is Campbell s’ largest (disclosed) transaction.
  • This is Campbell s’ 8th transaction in the United States.
  • This is Campbell s’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-12-18
Target Snyder s-Lance
Sector Food
Buyer(s) Campbell s
Deal Type Add-on Acquisition
Deal Value 4.9B USD
Advisor(s) Goldman Sachs (Financial)
Jenner & Block (Legal)

Target

Snyder s-Lance

Charlotte, North Carolina, United States
website
Snyder's-Lance, Inc. is a manufacturer and marketer of snack foods throughout the United States and internationally. Snyder's-Lance products include pretzels, sandwich crackers, potato chips, cookies, tortilla chips, restaurant style crackers, nuts and other snacks. Products are distributed nationally through grocery and mass merchandisers, convenience stores, club stores, food service outlets and other channels.

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Buyer(S) 1

Buyer

Campbell s

Camden, New Jersey, United States

website

Category Company
Founded 1869
Sector Food
Employees14,700
Revenue 8.6B USD (2022)
DESCRIPTION
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.

Campbell's is an American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. Campbell's was incorporated in 1869 and is based in Camden, New Jersey.

DEAL STATS #
Overall 13 of 14
Sector (Food) 12 of 13
Type (Add-on Acquisition) 9 of 9
State (North Carolina) 1 of 1
Country (United States) 8 of 9
Year (2017) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Pacific Foods of Oregon

Tualatin, Oregon, United States

Pacific Foods of Oregon, Inc. is a provider of of organic products, including flavorful soups, sauces, broths and stocks, as well as the broadest range of non-dairy beverages and a growing collection of dips, meals and sides. Pacific’s delicious, nutritious foods are inspired by traditionalrecipes made convenient for busy, health-conscious consumers.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Habit

Oakland, California, United States

Habit LLC is a personalized nutrition company making optimal nutrition possible. Habit uses an at-home test to uncover details about genetics, lifestyle, metabolism, and goals to design a personalized eating plan.

Sell -
Mergr

Product

Company

Legal