| Type | Subsidiary |
|---|---|
| Industry | Snack food |
| Founded | 1909 |
| Founder | Harry V. Warehime |
| Headquarters | , |
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 |
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
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, something that is indicated on packages of Snyder's of Hanover.[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.[4]
In 2010, a plan to merge with rival Utz Quality Foods was blocked by the U.S. Federal Trade Commission.[5] 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.[6] The merged company became Snyder's-Lance, to be based in Charlotte, NC. In December 2017, it was announced that Campbell Soup would acquire Snyder's-Lance for US$4.9 billion.[7]
See also
- List of brand name snack foods
References
- ^ "Snyders of Hanover yahoo company profile". Yahoo.com. Retrieved 2009-03-22.
- ^ Snyder's web FAQ. Archived 2010-09-21 at the Wayback Machine
- ^ "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.
- ^ "Snyder's of Hanover - Working to Keep Jays Products in Chicago". PRWeb. Retrieved 2019-07-23.
- ^ Sellers, Patricia (4 March 2015). "The secretive snack company that Warren Buffett loves". Fortune Magazine. Retrieved 23 January 2016.
- ^ Sentementes, Gus (22 July 2010). "Snyder's of Hanover to merge with N. Carolina snack maker Lance". The Baltimore Sun. Retrieved 22 November 2019.
- ^ "Campbell Soup to acquire Snyder's pretzel, Pop Secret popcorn maker". USA TODAY. Retrieved 2018-01-06.