Shearer’s Foods Inc. will acquire the private label snack business from Snyder’s-Lance.
Brewster, Ohio/Press Release -- Shearer’s Foods Inc. has entered into an agreement to acquire the private label snack business from Snyder’s-Lance Inc. for $430 million. Two manufacturing plants, one in Burlington, Iowa, and the other in Ontario, will be a part of the transaction.
Shearer’s Foods is a private label snack manufacturer. The company has six manufacturing plants in Arkansas, Ohio, Oregon, Texas and Virginia. Products manufactured by the company include several snack chip varieties and extruded snacks.