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Lance is a manufacturer and distributor of snack food products, while Stella D'oro Biscuit is a manufacturer of cookies, breakfast treats and breadsticks.
Announcement (September 8, 2009):
Lance has entered into an agreement to acquire the Stella D'oro brand as well as certain manufacturing equipment and inventory from D'oro Biscuit.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-10-13
Deal Participants
Target (Company) Stella D'oro Holdings, LLC - Stella D'oro Brand and Assets Acquirer (Company) Lance, Inc. Vendor (Company) Stella D'oro Holdings, LLC (formerly Stella D'oro Biscuit Co., Inc.)
Deal Rationale
The acquisition would enable Lance to expand its portfolio of niche snack food brands.
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