Snyder's-Lance Announces Plant Closing - Cambridge, Ontario
CHARLOTTE, N.C., Feb. 25, 2013
CHARLOTTE, N.C., Feb. 25, 2013 /PRNewswire/ --Snyder's-Lance Inc. (NASDAQ-GS:
LNCE) today announced plans to close its bakery facility in Cambridge, Ontario
effective May 17, 2013.
(Logo: http://photos.prnewswire.com/prnh/20110411/CL80943LOGO )
Snyder's-Lance conducted a comprehensive review of current manufacturing
facilitates including capacity, capabilities and distribution costs to key
markets. Based on that review, management has decided to close the Cambridge
facility in order to reduce operating costs while consolidating production
into other existing manufacturing sites.
The Company is providing impacted associates with severance and outplacement
benefits as well as the opportunity to be considered for jobs that may exist
in other Snyder's-Lance facilities.
Snyder's-Lance, Inc., headquartered inCharlotte, NC, manufactures and markets
snack foods throughoutthe United States and internationally. The Company's
products include pretzels, sandwich crackers, pretzel crackers, potato chips,
cookies, tortilla chips, restaurant style crackers, nuts and other
snacks.Snyder's-Lance has manufacturing facilities inNorth Carolina,
Pennsylvania, Iowa, Indiana, Georgia, Arizona, Massachusetts, Florida,
Products are sold under the Snyder's ofHanover®, Lance®,Cape Cod®, Pretzel
Crisps®, Krunchers!®, Tom's®, Archway®, Jays®, Stella D'oro®, Eatsmart®,
O-Ke-Doke®, Grande®and Padrinos®brand names along with a number of private
label and third party brands. Products are distributed nationally through
grocery and mass merchandisers, convenience stores, club stores, food service
outlets and other channels. LNCE-G
SOURCE Snyder's-Lance, Inc.
Contact: Heather Woolford, associate director of public relations, GKV,
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