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Shearer’s finalizes purchase of Snyder’s-Lance private brands
date:Jul 02, 2014
aid.

In addition to completing the sale of its Private Brands business, Snyders-Lance said it has begun implementing a margin improvement and restructuring plan to offset stranded costs that remain after the sale of Private Brands.

This plan is designed to scale the companys operations appropriately with focus on branded products as well as the D.S.D. and direct sales networks, Snyders-Lance said. Snyders-Lance has increased its operating margin run rate by 140 basis points over the past 24 mo

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