Remove ads
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 |
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. Headquarters would remain in Charlotte.[1] On December 2, Lance shareholders approved the deal that created the country's second largest snack food company.[2]
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.[3]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.