Lance Inc.: Difference between revisions
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{{Primarysources|date=September 2007}}{{Infobox Company | |
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company_name = Lance, Inc. | |
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company_logo = [[Image:lancelogo.jpg]] | |
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company_type = [[Subsidiary]]| |
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company_slogan = Freshness | |
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foundation = 1913 | |
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location = [[Charlotte, North Carolina]], [[United States|U.S.]] | |
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industry = [[Snack food]] | |
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subsid = [[Tom's Snacks Co.]]<br>[[Cape Cod Potato Chips]]<br>Brent & Sam's Cookies<br>[[Vista Bakery, Inc]]<br>[[Stella D'Oro]]| |
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products = ToastChee<br>Thunder potato chips<br>Captain's Wafers<br>Cape Cod Potato Chips | |
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revenue = {{profit}} $852.4 million [[United States dollar|USD]] (2008) <ref>[http://files.shareholder.com/downloads/LNCE/758900290x0x286624/0CA5F2B1-9817-4171-A76B-AD5E30AD955B/57475.pdf 2008 Annual Report]</ref>| |
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num_employees = 5,500 | |
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parent = [[Snyder's-Lance]] |
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homepage = [http://www.lance.com/html/index.aspx http://www.lance.com/]| |
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}} |
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'''Lance, Inc.''' is an [[United States|American]] snack food company headquartered in [[Charlotte, North Carolina]]. |
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They manufacture snacks such as<ref>[http://www.lance.com/products.aspx Lance Products]</ref>: |
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[monkey ballz are delish u should try them lol:)] |
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*[[Captain's Wafers]] |
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*Toastchee Crackers |
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*Nekot cookies |
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*Gold-N-Chees crackers |
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*[[Cape Cod Potato Chips]] |
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*[[Tom's Snacks Co.|Tom's Potato Chips]] |
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*[[Archway Cookies]] |
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*[[Stella D'oro]] |
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Lance has paid quarterly dividends to stockholders for decades. The dividend has been $0.16 per share since 2000. |
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==History== |
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Philip Lance and Salem Van Every, Lance's son-in-law, started selling single serve snacks in 1913. Two years later, they opened the doors of the Lance Packaging Company. In 1943, Philip Lance Van Every took over leadership of Lance, still a privately held company. Today, Lance, Inc., is a leader in the snack food industry and one of the largest manufacturers and distributors of snack foods in the United States, especially in the [[Southern United States|South]]. |
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They also did a historic breakthrough by placing female wrestler Velvet Sky on the cover of one of Tom's Snack chips. |
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==Ownership== |
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Although Lance, Inc., is publicly traded, the Van Every family still maintains an active interest in the company. |
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==Merger== |
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On July 22, 2010 Lance announced that it will merge with [[Snyder's of Hanover]]. The resulting company, to be known as Snyder's-Lance Inc., will remain publicly traded under the LNCE symbol. Headquarters will remain in Charlotte.<ref name="ggsentementestbs">[http://www.baltimoresun.com/business/bs-bz-snyders-lance-merger-20100722,0,5356874,full.story Sentementes, Gus G. "Snyder's of Hanover to merge with N. Carolina snack maker Lance," ''The Baltimore Sun'', Friday, July 23, 2010.]</ref> On December 2, Lance shareholders approved the deal that would create the country's number 2 snack food company.<ref>{{cite news|url=http://www2.journalnow.com/business/2010/dec/03/lance-shareholders-support-merger-plan-ar-586306|title=Lance shareholders support merger plan|work=[[Winston-Salem Journal]]|agency=[[Associated Press]]|date=2010-12-03|accessdate=2010-12-03}}</ref> The merged company became [[Snyder's-Lance]]. |
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==Nabs== |
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Many snack cracker products manufactured by Lance are commonly referred to as "Nabs". The term "Nabs" today is used to refer to any type of snack crackers although it is a short variation of "Nabisco." The term has its origins back to 1924 when the National Biscuit Company (Nabisco) introduced a snack, put in a 5-cent sealed packet called "Peanut Sandwich Packet". They soon added a second, "Sorbetto Sandwich Packet". These packets allowed salesmen to sell to soda fountains, road stands, milk bars, lunch rooms, news stands etc. Sales increased and in 1928 the company adopted and started to use the name NAB, which immediately won the approval of the public. This term caught on and is still widely used today. |
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==References== |
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{{reflist}} |
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==External links== |
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*[http://www.lance.com/ Corporate website] |
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*[http://www.tradingmarkets.com/news/stock-alert/lnce_snyder-s-announces-plans-to-merge-with-lance-inc-hanover-north-carolina-snack-makers-call-deal-a--1059748.html Merger announcement] |
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[[Category:Companies established in 1913]] |
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[[Category:Companies based in Charlotte, North Carolina]] |
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[[Category:Snack companies of the United States]] |
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[[Category:Lance Inc. brands|*]] |
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Revision as of 23:17, 21 March 2012
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| File:Lancelogo.jpg | |
| Company type | Subsidiary |
|---|---|
| Industry | Snack food |
| Founded | 1913 |
| Headquarters | Charlotte, North Carolina, U.S. |
| Products | ToastChee Thunder potato chips Captain's Wafers Cape Cod Potato Chips |
| Revenue |  $852.4 million USD (2008) [1] |
Number of employees | 5,500 |
| Parent | Snyder's-Lance homepage = http://www.lance.com/ |
| Subsidiaries | Tom's Snacks Co. Cape Cod Potato Chips Brent & Sam's Cookies Vista Bakery, Inc Stella D'Oro |
Lance, Inc. is an American snack food company headquartered in Charlotte, North Carolina.
They manufacture snacks such as[2]:
- Captain's Wafers
- Toastchee Crackers
- Nekot cookies
- Gold-N-Chees crackers
- Cape Cod Potato Chips
- Tom's Potato Chips
- Archway Cookies
- Stella D'oro
Lance has paid quarterly dividends to stockholders for decades. The dividend has been $0.16 per share since 2000.
History
Philip Lance and Salem Van Every, Lance's son-in-law, started selling single serve snacks in 1913. Two years later, they opened the doors of the Lance Packaging Company. In 1943, Philip Lance Van Every took over leadership of Lance, still a privately held company. Today, Lance, Inc., is a leader in the snack food industry and one of the largest manufacturers and distributors of snack foods in the United States, especially in the South.
They also did a historic breakthrough by placing female wrestler Velvet Sky on the cover of one of Tom's Snack chips.
Ownership
Although Lance, Inc., is publicly traded, the Van Every family still maintains an active interest in the company.
Merger
On July 22, 2010 Lance announced that it will merge with Snyder's of Hanover. The resulting company, to be known as Snyder's-Lance Inc., will remain publicly traded under the LNCE symbol. Headquarters will remain in Charlotte.[3] On December 2, Lance shareholders approved the deal that would create the country's number 2 snack food company.[4] The merged company became Snyder's-Lance.
Nabs
Many snack cracker products manufactured by Lance are commonly referred to as "Nabs". The term "Nabs" today is used to refer to any type of snack crackers although it is a short variation of "Nabisco." The term has its origins back to 1924 when the National Biscuit Company (Nabisco) introduced a snack, put in a 5-cent sealed packet called "Peanut Sandwich Packet". They soon added a second, "Sorbetto Sandwich Packet". These packets allowed salesmen to sell to soda fountains, road stands, milk bars, lunch rooms, news stands etc. Sales increased and in 1928 the company adopted and started to use the name NAB, which immediately won the approval of the public. This term caught on and is still widely used today.