US-based snacks producer Lance has bought a stake in organic sector firm Late July Snacks.
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Lance refused to reveal the size of the stake or how much it paid for its investment but said it had acquired “a non-controlling minority equity interest” in the company.
President and CEO Dave Singer said the move was “consistent” with Lance’s strategy to boost its presence in “the better-for-you products category”.
Late July Snacks, based in Massachusetts, is a family-owned company formed in 2003 and produces a range of crackers, sandwich crackers and cookies.
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