date:May 08, 2014
Shearers Foods, Inc. has entered into an agreement to acquire the private label snack business from Snyders-Lance, Inc., Charlotte, N.C., for $430 million. Two manufacturing plants, one in Burlington, Iowa, and the other in Ontario, will be a part of the transaction.
Shearers 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 sn