US: Snyder's-Lance sells private-label business
Snyder's-Lance focuses on branded snacks
US snack group Snyder's-Lance has sold its private-label business in a US$430m deal that will enable it to focus on branded sales.
Shearer's Foods will purchase the own-label snack business, including two snack manufacturing facilities in Canada and the US.
"This transaction will allow Snyder's-Lance to focus entirely on its branded products by placing more resources to work on growth categories such as 'better for you' nutritional and premium snacks," Snyder's-Lance said in a statement.
BB&T Capital Markets analyst Brett Hundley suggested the move could also boost Synder's-Lance margins. "We believe that a sale of its PL business, combined with an improved business mix and further M&A, will help to improve operating margins to above 10% while unlocking equity value," he suggested.
Shares in the group were up almost 3% in morning trade in New York today (7 May).
Snyder's-Lance, Inc. - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service off...
US snack group Snyder's-Lance has unveiled its new division that will focus on developing "better-for-you" products....
Snyder’s-Lance, Inc. (Snyder’s) manufactures and markets a variety of snack food products such as sandwich crackers, pretzels, kettle chips, pretzel crackers, cookies, potato chips, tortilla chips, ot...
Using this report, marketers will effectively gain an insight into the latest happenings in the global savory snacks market throughout the month. The monthly report provides the reader with the top-li...
The report provides a review of the latest news and key events in the global savory snacks market during February 2014....
- Why "simple" and "real" will be industry buzzwords
- Nestle's 2014 results: 10 Things to Learn
- Why US Dietary Guidelines report deserves praise
- Maspex: M&A opportunities in eastern Europe
- The just-food interview: Bega Cheese CEO
- Kerry Group CEO expects more M&A in 2015
- Gruma FY earnings surge as margins improve
- Kerry sales, earnings rise but food weighs
- Pinnacle efficiency helps profits amid flat sales
- Glanbia FY profits beat analyst forecasts