date:Jul 02, 2014
rating margins of about 20 basis points primarily due to stranded costs.
This 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. I want to thank all of our associates who have worked to make our Private Brands successful for many years and wish everyone the greatest of success in the future.
Snyders-Lance said that exiting private brands and acquiring the better-for-