date:May 08, 2014
acks.
Shearers is owned by the private equity firm Wind Point Partners, Toronto. In April, the company acquired Medallion Foods, Newport, Ark., from ConAgra Foods, Inc., Omaha, for $33.5 million. Medallion is a manufacturer of snack chips and extruded snacks items.
This transaction is an important step forward for Snyders-Lance as we dedicate our attention to our branded portfolio, said Carl E. Lee Jr., president and chief executive officer of Snyders-Lance. Over the past several years, we hav