Lance - food industry company news 
Best bits: Food makers look ahead to another tough year
6 February 2012
2011 was a year of low consumer confidence, pressure from raw material costs and ever-increasing demands from retailers. This year is set to see more of the same.
US: Snyder's-Lance to close US facility
11 November 2011
Snacks manufacturer Snyder's-Lance plans to close one of its manufacturing facilities next year.
Best bits: Firms tackle economic gloom
7 November 2011
There's been a sense of boldness from the world of food this past week, with companies making interesting moves into new products, acquisitions and territories.
US: Snyder's-Lance profits fall
3 November 2011
US salty snacks manufacturer Snyder's-Lance has posted a drop in profits in its third quarter.
US: Snyder's-Lance sees profits slide in H1
9 August 2011
US snack food manufacturer Snyder's-Lance has booked a decline in first-half profits, but reiterated its full-year guidance.
US: Snyder's-Lance extends Captain's Wafer range
9 August 2011
Snyder's-Lance has revealed plans to extend its Captain's Wafers range with a four cheese variety in the US.
US: Own-label woes prompt Synder's-Lance profit warning
25 July 2011
Snyder's-Lance has admitted its annual profits are set to miss the US snack maker's previous expectations as commodity costs hit margins from the company's own-label products.
US: Snyder's-Lance Q1 sales up following integration
5 May 2011
Enlarged snack food manufacturer Snyder's-Lance said its first full first-quarter post-merger sales were up on the inclusion of Snyder's sales.
US: Synder's-Lance unveils "premium" sandwich cracker
8 April 2011
US snack maker Snyder's-Lance has launched Cracker Creations in its domestic market, a product it has dubbed a "premium" sandwich cracker.
In the spotlight: Diamond Foods goes global with Pringles buy
7 April 2011
Every now and then, a deal is done that significantly alters the direction of a business. Diamond Foods' agreement to buy the Pringles brand looks set to do just that, tripling the size of the US firm's snacks business and boosting the company's exposure to overseas markets. Dean Best reports.
On the money: Snyder's-Lance focuses on integration
18 February 2011
The CEO of US salty snacks manufacturer Snyder's-Lance said today (18 February) that the recently-merged business is looking forward "to a very bright future" but cautioned the company will face a "challenging 2011".
Quote, unquote: just-food's week in words
18 February 2011
Danone chairman and CEO Franck Riboud (pictured) was among the latest leading food-industry executives to announce his company's financial performance - and comment on the global economy, commodity costs and the outlook for 2011.
US: Snyder's-Lance profit down on merger costs
18 February 2011
Recently merged snack food manufacturer Snyder's-Lance saw net income drop during 2010 as the company recorded a series of one-off costs related to the merger.
The just-food management briefing - M&A in 2010 - a timeline
20 December 2010
There have been over 640 stories in just-food's M&A section since April this year covering everything from industry-changing mergers to bolt on acquisitions and brand disposals. This section to the briefing tracks the major moves through the year by looking at all the deals that were put under scrutiny in our insights section.
Quote, unquote: just-food's week in words
5 November 2010
Within a raft of trading updates this week, Kellogg and Chiquita Brands International posted disappointing results, although Unilever and organics retailer Whole Foods Market had better news for the market. Heinz is entering what may become a protracted series of negotations with its Wigan staff over wages, while rumours abound that Marks and Spencer may look to re-acquire the stores in western Europe that it sold in 2001. Here's the best of what was said this week.
US: Lance CEO says snack firm set to raise prices
3 November 2010
The chief executive of US snack firm Lance has warned that the company expects to have to increase prices to protect margins as commodity costs mount.
PHILIPPINES: Universal Robina Corp. sees FY revenues rising
7 September 2010
Philippines-based food group Universal Robina Corp. today (7 September) confirmed that it expects its annual revenues to rise by up to 15% on the back of higher overseas sales.
US: Lance, Snyder’s merge receives clearance
19 August 2010
US snack maker Lance and pretzel firm Snyder's of Hanover have received clearance from the US Federal Trade Commission for their proposed merger.
Best bits: private equity dining at M&A table
26 July 2010
From frozen food to fromage frais, the last seven days have seen an upturn in talk about M&A in the food industry.
Quote, unquote: just-food's week in words
23 July 2010
Tengelmann's appointment of the second CEO of its US-based A&P chain in the US, its second in six months, piqued our interest, while the potential sale of UK biscuit and snack maker United Biscuits has captured the industry's imagination. Ocado's IPO finally got away, but not without the industry sounding off about its bleak prospects. The future of the Foods Standards Agency was sealed, and as expected, it lost its remit over nutrition and labelling. Here's the pick of what was said this week.
In the spotlight: Lance and Snyder's – a "formidable" duo
23 July 2010
US snack maker Lance is to merge with rival Snyder's of Hanover to create what analysts expect will be a "formidable" company in the snack foods business.
Editor's choice: the highlights on just-food this week
23 July 2010
The potential sale of UK biscuit and snack maker United Biscuits captured the industry's attention this week. Ocado's IPO finally got away, but not without a great deal of controversy, once again highlighting the difficulties online grocery retailers face trying to build a profitable business model. The future of the Foods Standards Agency was sealed, and as expected, it lost its remit over nutrition and labelling.
On the money: Lance, Snyder's to focus on core brands, eye acquisitions
22 July 2010
US snack makers Lance and Snyder's of Hanover said they will focus on core brands for growth while also pursuing acquisition opportunities once the merger of the two companies is complete.
US: Snack makers Lance, Snyder's of Hanover to merge
22 July 2010
US snack maker Lance has signed an agreement to merge with pretzel firm Snyder's of Hanover.
US: Lance books higher Q2 profits
22 July 2010
US snack maker Lance has reaffirmed its full-year guidance despite a drop in first-half profits.
Best bits: Food firms to shine spotlight on consumer confidence
19 July 2010
"We are in a very competitive environment," General Mills CFO Don Mulligan warned just over two weeks ago as the US food giant issued its annual results.
US: Jobs to go at snack maker Lance
4 June 2010
US snack maker Lance is to cut 2% of its workforce in a bid to cut costs and boost margins.
US: Lance slashes forecasts after Q1 profits slide
6 May 2010
US snack group Lance has cut its sales and earnings targets after booking a drop in net income for the first quarter.
US: Lance relaunches Archway Lemon Cookie
1 April 2010
US snack group Lance has relaunched the Ice Lemon variant of the Archway Cookies range it purchased in 2008.
US: Kettle Foods receives "second round of bids"
15 February 2010
Potential bidders for crisp maker Kettle Foods have reportedly tabled second bids for the US-based business.
Related research
Snyder’s-Lance, Inc. - SWOT Analysis
Snyder’s-Lance, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Snyder’s-Lance, Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Snyder’s-Lance (or "the company") manufactures, markets and distributes a variety of snack food products. The company sells both branded and private brand products, as well as products for other branded food manufacturers on a contract basis. The company primarily operates in North America. It is headquartered in Charlotte, North Carolina and employs about 7,000 people. The company recorded revenues of $979.8 million during the financial year ended December 2010 (FY2010), an increase of 6.7% over FY2009. The operating profit of the company was $12.1 million in FY2010, a decrease of 78.7% as compared to FY2009. The net profit was $2.5 million in FY2010, a decrease of 92.9% as compared to FY2009. *In December 2010, a wholly-owned subsidiary of Lance, Inc. merged with and into Snyder’s of Hanover, Inc., (Snyder’s) as a result Snyder’s became a wholly owned subsidiary of Lance, Inc. In connection with the merger, Lance changed its name to Snyder’s-Lance, Inc. effective December 2010.
Lance, Inc.
Datamonitor's Lance, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Lance, Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Lance, Inc. (Lance or “the company”) manufactures, markets and distributes a variety of snack food products. The company sells both branded and private brand products, as well as products for other branded food manufacturers on a contract basis. The company primarily operates in the US. It is headquartered in Charlotte, North Carolina and employs about 4,800 people. The company recorded revenues of $918.2 million during the financial year ended December 2009 (FY2009), an increase of 7.7% over 2008. This growth was primarily driven by a 15% growth in revenue from the private brands. The operating profit of the company was $57.8 million in FY2009, an increase of 92% over 2008. The net profit was $35.8 million in FY2009, as compared to the net profit of $17.7 million in 2008.
Lance, Inc. (LNCE) - Financial and Strategic Analysis Review
Lance, Inc. (Lance) is engaged in manufacturing, marketing and distributing snack food products. The company manufactures products such as sandwich crackers and cookies, potato chips, crackers, salty snacks, sugar wafers, nuts, restaurant style crackers and candy. In addition, Lance purchases certain products such as cakes, meat snacks, candy, restaurant style crackers and salty snacks for the purpose of resale. The company sells its products under the brand names Lance, Cape Cod and Tom’s. The various customers of the company include grocery/mass merchandisers, convenience stores, distributors, food service establishments, club stores, and discount stores.
