Dunn Lambert, LLC
We mean business
Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

Snack giant Snyder's-Lance acquires New Jersey company

Growing a business is exciting for any New Jersey business owner. It means increased customers, increased demand and hopefully, increased profits. However, growing a business can also be a legally complicated process. There may be regulations to follow, agreements to negotiate and other unforeseen tasks. These issues may be compounded when the business is expanding by acquiring another company.

An acquisition can mean long hours of negotiating and drafting complex business agreements. Both sides need to walk away from the deal feeling like they are getting the most for their money, time and effort.

The New Jersey-based company Snack Factory and snack giant Snyder's-Lance have recently come to an agreement whereby Snyder's-Lance will acquire Snack Factory. Snack Factory was founded in 2004 and sells flat pretzel-chip hybrid snacks.

Under the terms of the deal, Snyder's-Lance will pay $340 million in cash and $60 million in the net present value of future tax benefits to Snack Factory. The deal is expected to be completed by the fourth quarter of this year. However, the exact timetable is dependent on getting the necessary regulatory approvals.

The deal is expected to increase Snyder's-Lance's stock price by 2 cents per share in 2012 and 10 cents per share in 2013. The deal is also forecast to increase profits by about $160 million in 2013. In this deal, Snyder's-Lance is purchasing the Snack Factory brand, its intellectual property, stock and all contracts. However, no production equipment was included in the acquisition.

All acquisitions, such as this one by Snyder's-Lance, are complex business transactions that can benefit from experienced business professionals. Buying a company can be a rewarding and profitable venture if proper care is taken to properly and legally complete the acquisition process.

Source: York Daily Record, "Snyder's-Lance acquires Snack Factory LLC for $340 million," Lauren Boyer, Sept. 5, 2012

1 Comment

Leave a comment
Comment Information

Office Location

google plus

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map
Phone: 201-957-0874
Fax: 201-291-0140
Telephone: 212-768-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2016

GET ANSWERS from a firm
with a sense of business.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Review US
Subscribe to This Blog's Feed FindLaw Network