CHARLOTTE, N.C. -- Lance Inc. said that it has acquired privately held Brent & Sam's Inc., a producer of branded and private-label gourmet cookies. Terms of the cash purchase were not disclosed. The purchase was funded with a draw under Lance's existing credit facility.
Brent & Sam's, founded in 1985 and located in North Little Rock, Ark., produces a wide variety of cookies sold under the Brent & Sam's brand as well as under private-label brands controlled by retail customers.
"Adding an established line of high-quality premium cookies to our product offering will help [image-nocss] broaden and diversify our product portfolio, capitalize on the growth in premium private-label products and make us a more valuable partner to our customers," said David V. Singer, president and CEO of Lance.
Brent Bumpers, CEO of Brent & Sam's, said, "Brent & Sam's strong heritage and product capabilities will be enhanced by Lance's significant distribution network."Lance, Charlotte, N.C., manufactures and markets snack foods throughout North America. The company's products include sandwich crackers and cookies, potato chips, crackers, cookies, other snacks, sugar wafers, nuts, restaurant style crackers and candy. Products are sold under the Lance, Cape Cod, Tom's and Brent & Sam's brand names along with a number of private-label and third-party brands. The company's products are distributed through a direct-store-delivery system of approximately 1,400 sales routes, a network of independent distributors and direct shipments to customer locations. Products are distributed widely through grocery and mass merchant stores, convenience stores, mass merchants, foodservice outlets and other channels.
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