Snyder’s-Lance has taken an 80% stake in US organic snacks maker Late July Snacks, a business that will become part of a concerted push into healthier products.

The company revealed it had “increased” its investment in Late July yesterday (4 November), alongside the publication of its third-quarter results. Snyder’s-Lance also said Late July founder and CEO Nicole Bernard Dawes would keep an “ownership position”.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

However, Snyder’s-Lance CFO Rick Puckett later revealed the size of the company’s stake when discussing the figures – and the group’s push into better-for-you snacks – with Wall Street analysts.

“We had a 19% stake in Late July for about seven years. We now have an 80% stake with this latest investment. This was closed late last week,” Puckett said.

Late July will form part of a new “better-for-you” snacks division at Snyder’s-Lance. Carl Lee Jr, the president and CEO of Snyder’s-Lance, said yesterday the company had set up the new unit – which will also house the Snack Factory and EatSmart brands – to “become the trusted leader in healthy snacking and sustainable food”.

The division, Lee said, would “allow us to drive our long-term growth and begin to reshape the overall company”.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now