date:Nov 20, 2012
US-based snack food company Snyder's-Lance is in negotiations to divest Vista, its private-label cookies and crackers division, which is expected to fetch nearly $350m.
The move is part of Snyder's-Lance's plan to focus on its branded snacks business, and the company might use the sale proceeds to acquire more snack brands or invest in its existing snack business.
The company has appointed Bank of America to conduct the sale, which is likely to be completed by the end of 2012, reported Bloombe