date:May 09, 2014
Snyder's-Lance, a US-based salty snack maker, has agreed to buy Baptista's Bakery, a producer of baked snack foods and 'better for you' snacks.
As part of the agreement, Snyder's-Lance will acquire 100% stake in Baptista's Bakery, and its manufacturing facility.
Baptista's is a supplier of Snyder's-Lance's Snack Factory Snack Factory Pretzel Crisps brand.
Snyder's-Lance noted that Baptista's holds capabilities consistent with its innovation plans. The deal is expected to allow Snyder's-Lance