Lance Inc.
American snack brand From Wikipedia, the free encyclopedia
Lance, Inc. is an American brand of snack foods owned by the Snyder's-Lance company headquartered in Charlotte, North Carolina. As of 2018, Snyder's-Lance is owned by Campbell Soup Company.
| |
| Company type | Subsidiary |
|---|---|
| Nasdaq: LNCE | |
| Industry | Food |
| Founded | 1913 |
| Founder | Phillip Lance |
| Headquarters | Charlotte, North Carolina, U.S. |
| Products | Snack food |
Number of employees | 5,500 |
| Parent | Snyder's-Lance |
| Website | lance.com |
History
The Lance Cracker Company was founded in Charlotte, NC in 1913 by Philip Lance.[1]
The company established a manufacturing facility in 1926 located at 310 Arlington Ave.[2]
Merger
On July 22, 2010, Lance announced that it would merge with Snyder's of Hanover. The resulting company, known as Snyder's-Lance Inc., would remain publicly traded under the LNCE symbol. The headquarters would stay in Charlotte.[3] On December 2, Lance shareholders approved the deal that created the country's second largest snack food company.[4]
Nabs
Many snack cracker products manufactured by Lance are commonly referred to as "nabs", a genericized trademark name for snack crackers that originated with a competitor, the Nabisco company. The term originated in 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, newsstands etc. Sales increased and in 1928 the company adopted and started to use the name NAB, which immediately won the approval of the public.[5]
Products
- Cracker and cookie sandwiches
- ToastChee
- Toasty
- Malt
- Whole Grain
- Captain's Wafers
- Nekot
- Quick Starts
- Various flavored nuts and seeds
- Gold-n-Chees crackers
- Various flavored popcorns[6]
References
External links
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