Divestiture • Packaging

Shearer’s Foods Acquires Lance Private Brands - Snyder’s-Lance

On May 7, 2014, Shearer’s Foods acquired packaging company Lance Private Brands - Snyder’s-Lance from Snyder s-Lance for 430M USD

Acquisition Context
  • This is Shearer’s Foods’ 1st transaction in the Packaging sector.
  • This is Shearer’s Foods’ largest (disclosed) transaction.
  • This is Shearer’s Foods’ 3rd transaction in the United States.
  • This is Shearer’s Foods’ 1st transaction in Iowa.

Explore All 239 Divestiture Packaging Deals - Search the Database Free


M&A Deal Summary

Date May 7, 2014
Target Lance Private Brands - Snyder’s-Lance
Sector Packaging
Buyer(s) Shearer’s Foods
Sellers(s) Snyder s-Lance
Deal Type Divestiture
Deal Value 430M USD

Target Company

Lance Private Brands - Snyder’s-Lance

Burlington, Iowa, United States
Lance Private Brands, a private label manufacturer of cookies.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Shearer’s Foods

Massillon, Ohio, United States

Category Company
Founded 1974
Sector Food
DESCRIPTION

Shearer's Foods is a producer of high-quality seasoned snack foods and related products. Shearer's produces kettle chips. Shearer's Foods was formed in 1974 and is based in Massillon, Ohio.


Deal Context for Buyer #
Overall 3 of 3
Sector: Packaging 1 of 1
Type: Divestiture 2 of 2
State: Iowa 1 of 1
Country: United States 3 of 3
Year: 2014 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Medallion Foods

Tacoma, Washington, United States

Medallion Foods, Inc. is focused on making the finest dry pasta products possible. Medallion was drawn to the west by some of the best durum semolina in the world, milled from the hard amber durum wheat grown in North America.

Buy $34M

Seller Profile 1

SELLER

Snyder s-Lance

Charlotte, North Carolina, United States

Category Company
Founded 1912
Sector Food
Employees5,000
Revenue 1.7B USD (2016)
DESCRIPTION

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.


Deal Context for Seller #
Overall 1 of 2
Sector: Packaging 1 of 1
Type: Divestiture 1 of 2
State: Iowa 1 of 1
Country: United States 1 of 2
Year: 2014 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-07 Baptista s Bakery

Franklin, Wisconsin, United States

Baptista's Bakery, Inc. is a producer of baked snack foods and "better for you" snacks consistent with emerging consumer trends.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 National Pecan

San Francisco, California, United States

National Pecan provides both in-shell and shelled pecans and pecan-based products around the world. National Pecan was founded in 1912 and is based in Stockton, California.

Buy $1.3B