Snyder's of Hanover

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Snyder's of Hanover, Inc.
Subsidiary
Industry Snack food
Founded 1909
Founder Harry V. Warehime
Headquarters Hanover, Pennsylvania, United States
Key people
Michael Warehime (Chairman)
Carl Lee (President, CEO)[1]
Products See products section
Revenue US$652 million
Parent Snyder's-Lance
Subsidiaries Jays Foods
Website www.snydersofhanover.com

Snyder's of Hanover is an American bakery and snack food distribution company based in Hanover, Pennsylvania, specializing in German traditional pretzels. Its products are sold throughout the United States, Canada, many European nations, Asia, and in the Middle East.[2]

Corporate history[edit]

Snyder's of Hanover traces its roots to a bakery formed in Hanover, Pennsylvania, by Harry Warehime in 1909. In 1950, the company was split into two independent companies: Snyder's of Hanover and Snyder of Berlin. The Hanover Canning Company (later called Hanover Brands, and now Hanover Foods) purchased Snyder's of Hanover. Snyder's of Hanover was again spun off as an independent company in 1981. Snyder's of Hanover is no longer associated with Snyder of Berlin.[3]

In December 2007, Snyder's of Hanover acquired Jays Foods of Chicago, Illinois after they declared bankruptcy. Snyder's plans to continue making and distributing Jays' full line of snacks throughout the midwest market.[citation needed]

In 2010, a plan to merge with rival Utz Quality Foods was blocked by the U.S. Federal Trade Commission.[4] On July 22, 2010, it was announced that Snyder's of Hanover would be merging with Lance Inc. to create one of the largest snack food companies in the nation.[5] The merged company became Snyder's-Lance. In December 2017, it was announced that Campbell Soup would acquire Snyder's-Lance for US$4.9 billion.[6]

See also[edit]

References[edit]

  1. ^ "Snyders of Hanover yahoo company profile". Yahoo.com. Retrieved 2009-03-22. 
  2. ^ Snyder's web FAQ. Archived 2010-09-21 at the Wayback Machine.
  3. ^ "Our Story". Snyder's of Hanover. Retrieved 24 January 2016.  "Hanover Foods Corporation History". Retrieved 24 January 2016.  "The Snyder of Berlin Story - Timeline". Snyder of Berlin. Retrieved 24 January 2016. 
  4. ^ Sellers, Patricia (4 March 2015). "The secretive snack company that Warren Buffett loves". Fortune Magazine. Retrieved 23 January 2016. 
  5. ^ Sentementes, Gus (22 July 2010). "Snyder's of Hanover to merge with N. Carolina snack maker Lance". The Baltimore Sun. Retrieved 22 July 2010. 
  6. ^ "Campbell Soup to acquire Snyder's pretzel, Pop Secret popcorn maker". USA TODAY. Retrieved 2018-01-06. 

External links[edit]