date:Sep 12, 2012
Last week the US snacks firm acquired the pretzel crisp specialist Snack Factory for $340m cash. The deal is set to close early in the fourth quarter of this year.
In its investors call, Dave Singer, CEO of Snyders Lance, said the purchase will enable the firm to broaden its portfolio and retail presence.
The real opportunity here is the growth opportunity using their railroad tracks to move our products in,Singer said.
Its about using their sales, marketing and organisation to expand, he ad