Snack companies Lance, Snyder’s of Hanover announce merger
CHARLOTTE, N.C. Two snack companies have signed a definitive agreement to combine in a stock-for-stock merger.
Lance and Snyder’s of Hanover said Thursday that the transaction brings together two leading snack food leaders — Lance develops and distributes sandwich crackers, potato chips and cookies, while Snyder’s of Hanover is a pretzels maker and a leader in specialty snacks. Under the agreement, the company will be called Snyder’s-Lance.
“This transaction allows us to create a stronger company in a highly competitive industry and simultaneously create value for our shareholders. Snyder’s-Lance will have a broad array of leading snack food products supported by a strong national DSD system,” said David Singer, Lance president and CEO.
Added Carl Lee, president and CEO at Snyder’s, “We are extremely pleased with the opportunity to combine two leading snack food companies in such a strategically compelling merger. Combining our strengths in salty, cracker and cookie snacks creates the opportunity to be a focused specialty company with the scale to compete in high volume categories.”
V8 introduces V8 V-Fusion+Tea juice beverages
CAMDEN, N.J. V8 V-Fusion+Tea juice beverages have joined the V8 V-Fusion line from Campbell Soup Co.
V8 V-Fusion +Tea juice beverages are available in three delicious flavors: raspberry green tea, pomegranate green tea and pineapple mango green tea. V8 V-Fusion beverages are available at supermarkets, convenience stores, mass merchandise and club stores nationwide for a suggested retail price of $3.99 for a 46-oz. bottle. Through Sept. 30, people can visit Facebook.com/V8VFusion, where the brand will be giving away 1,000 free samples a week before the juice beverages become available nationwide in October.
“People love V8 V-Fusion beverages for their fruit flavor and the convenience of drinking their vegetables,” said Dale Clemiss, VP beverage marketing at V8. “Now we’re giving people a new reason to enjoy our beverages by introducing a juice beverage with a hint of natural green tea — an increasingly popular, light and nutritious beverage choice. The result is a unique combination of refreshing taste and nutrition you can’t get from any other beverage on the market.”
CVS’ Merlo to kick off Network of Executive Women’s Leadership Summit
CHICAGO Larry Merlo, president and COO of CVS Caremark and president of CVS/pharmacy, will kick off the Network of Executive Women’s Leadership Summit in Charlotte, N.C., in September.
The event will be held Sept. 27 to 29 at the Westin Charlotte. Merlo will welcome more than 700 Network members at the Summit’s opening reception on Sept. 27.
The event will “provide tools to help CPG/retail executives transform their careers, lives and companies to better profit from the consumer industry’s ‘new normal,'” according to the Network, which is the consumer products and retail industry’s largest diversity organization.
The three-day event will also include three SuperSessions, featuring Bill Fournet, corporate strategist and president and CEO of the Persimmon Group; Kevin Coupe, journalist, author and industry blogger at MorningNewsBeat.com; and DeLores Pressley, a consultant and coach specializing in building relationships.
Founded in 2001, the Network of Executive Women, Consumer Products and Retail Industry, has more than 3,000 members from more than 400 companies and 66 corporate sponsors.