Lance Inc.: completes Stella D’Oro acquisition

Charlotte / NC. (li) Lance Inc. reported that it has completed the previously announced purchase of the Stella D´Oro brand as well as certain manufacturing equipment and inventory from Stella D´Oro Biscuit Company Inc. Terms of the purchase agreement were not disclosed. Lance used available liquidity under its current credit facilities to fund the acquisition. Established in 1932, Stella D´Oro is a leading brand in the specialty cookie segment with a rich heritage and strong brand equity. Stella D´Oro products include shelf stable cookies, breakfast treats, breadsticks and biscotti that are sold in grocery stores and mass merchants throughout the United States, with a high concentration in the North- and Southeast regions of the country.
Info: «Lance Inc. to Purchase Stella D’Oro Brand» (2009-09-10)

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