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Campbell Soup Company announced it has completed the acquisition of Snyder's-Lance, Inc. for $50 per share in an all-cash transaction, which represents an enterprise value of approximately $6.1 billion.
The company’s new products are debuting across several Snyder's-Lance brands and include a variety of options to satisfy consumers' on-the-go lifestyles, better-for-you diets and general need for premium snacks.
Snyder's-Lance, Inc. and Diamond Foods, Inc. announced that they have entered into a definitive agreement under which Snyder's-Lance will acquire all outstanding shares of Diamond Foods in a cash and stock merger transaction for approximately $1.91 billion, including the assumption of approximately $640 million of indebtedness.
Snyder's-Lance, Inc. announced the creation of a new, "better for you" division as well as an increase in its investment in Late July Snacks, LLC. The announcement supports the Snyder's-Lance goal of creating a stronger presence in a healthier, more sustainable food industry.
The Center, located near one of the company's largest bakeries in Hanover, Pennsylvania, has been instrumental in the research and development of new product introductions that are both innovative and in line with consumer trends.