Snyder's of Hanover

Last updated
Snyder's of Hanover, Inc.
Type Subsidiary
Industry Pretzels
Founded1909;114 years ago (1909)
FounderHarry V. Warehime
Headquarters
Key people
Michael Warehime (Chairman)
Carl Lee (President, CEO) [1]
ProductsSee products section
Revenue US$652 million
Parent Campbell Soup Company
Subsidiaries Jays Foods
Website www.snydersofhanover.com

Snyder's of Hanover is an American bakery and pretzel brand 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]

Contents

Corporate history

Snyder's of Hanover traces its roots to a bakery formed in Hanover, Pennsylvania, by Harry Warehime in 1909. In 1920 Eda and Edward Snyder started selling their homemade fried potato chips at various businesses. [3] 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. [4]

In December 2007, Snyder's of Hanover acquired bankrupt Jays Foods of Chicago, Illinois, and planned to continue making and distributing Jays' full line of snacks throughout the midwestern United States. [5]

In 2010, a plan to merge with rival Utz Quality Foods was blocked by the U.S. Federal Trade Commission. [6] 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. [7] 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. [8] Utz Foods would go on to merge with the similarly named but unaffiliated company Snyder of Berlin in 2019. [9]

See also

Related Research Articles

<span class="mw-page-title-main">Interstate Bakeries</span> Bakeries of the United States

Old HB, Inc., known as Hostess Brands from 2009 to 2013 and established in 1930 as Interstate Bakeries Corporation, was a wholesale baker and distributor of bakery products in the United States. Before its 2012 closure and liquidation, it owned the Hostess, Wonder Bread, Nature's Pride, Dolly Madison, Butternut Breads, and Drake's brands.

<span class="mw-page-title-main">Nabisco</span> American snack company

Nabisco is an American manufacturer of cookies and snacks headquartered in East Hanover, New Jersey. The company is a subsidiary of Illinois-based Mondelēz International.

<span class="mw-page-title-main">Birds Eye</span> Brand of frozen foods

Birds Eye is an international brand of frozen foods founded in the USA and now owned by Conagra Brands in the United States, by Nomad Foods in Europe, and Simplot in Australia.

<span class="mw-page-title-main">Lance Inc.</span> American snack brand

Lance is an American brand of snack foods owned by the Snyder's-Lance company headquartered in Charlotte, North Carolina. As of 2018, Snyder's-Lance is owned by Campbell Soup Company.

<span class="mw-page-title-main">Diamond Foods</span> U.S. food company

Diamond Foods was an American packaged food company based in San Francisco, that marketed nuts and other snack foods. Diamond Foods was acquired by Snyder's-Lance in 2016, and as of 2018, Campbell Soup Company owns Diamond Foods's former snack brands; Diamond of California, Diamond Foods's nut business, is owned by Blue Road Capital.

J&J Snack Foods Corporation (JJSFC) is an American manufacturer, marketer, and distributor of name brand snack foods and frozen beverages. Headquartered in Pennsauken, NJ, JJSF uses over 175 facilities for manufacturing, warehousing, and distributing located in 44 states, Mexico, and Canada. The company is listed on the NASDAQ Global Select Market as “JJSFC”, and serves both national and international markets.

<span class="mw-page-title-main">Pinnacle Foods</span> Packaged foods company

Pinnacle Foods, Inc., is a packaged foods company headquartered in Parsippany, New Jersey, that specializes in shelf-stable and frozen foods. The company became a subsidiary of Conagra Brands on October 26, 2018.

<span class="mw-page-title-main">Pop Secret</span> American brand of popcorn

Pop Secret is an American brand of popcorn, owned and marketed by Snyder's-Lance – a subsidiary of Campbell Soup Company since 2017. Snyder's-Lance had acquired the Pop Secret brand from Diamond Foods in early 2016.

<span class="mw-page-title-main">Cape Cod Potato Chips</span> American snack food company

Cape Cod Potato Chips is an American snack food company best known for their brand of kettle-cooked potato chips. The company is headquartered in Hyannis, Massachusetts, on Cape Cod. Cape Cod Potato Chips is a brand owned by Campbell Soup Company since 2018.

<span class="mw-page-title-main">Jays Foods</span> American snack product manufacturer

Jays Foods, Inc., is an American manufacturer of snack products including potato chips, popcorn and pretzels. Jays Foods was founded in 1927 in Chicago, Illinois, and is currently a subsidiary of Snyder's of Hanover. Operating in several Midwestern states, Jays Foods' potato chips and popcorn maintain significant shares of their respective markets.

<span class="mw-page-title-main">Tom's Snacks</span>

Tom's Snacks Co. is an American snack food brand currently owned by San Antonio Snacks. The former "Tom's Foods Company" had been established by Tom Huston in Columbus, Georgia, in 1925. The business remained in the food industry until 2005 when it declared bankruptcy, with the brand being acquired by Snyder's-Lance, Inc.

<span class="mw-page-title-main">Campbell Soup Company</span> American food manufacturer

The Campbell Soup Company, doing business as Campbell's, is an American company, most closely associated with its flagship canned soup products; however through mergers and acquisitions, it has grown to become one of the largest processed food companies in the United States with a wide variety of products under its flagship Campbell's brand as well as other brands including Pepperidge Farm, Snyder's of Hanover, V8, and Swanson. With its namesake brand Campbell's produces soups and other canned foods, baked goods, beverages, and snacks. It is headquartered in Camden, New Jersey.

<span class="mw-page-title-main">Brynwood Partners</span> American private equity investment firm

Brynwood Partners is an American private equity investment firm focused on leveraged buyout and other control investments.

<span class="mw-page-title-main">Utz Brands</span> U.S. food company

Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.

<span class="mw-page-title-main">Snyder's-Lance</span> American snack manufacturer

Snyder's-Lance, Inc. is the second largest salty snack maker in the United States. It was formed by the 2010 merger of Lance Inc. and Snyder's of Hanover. The company is a subsidiary of the Campbell Soup Company.

Mondelez International, Inc., styled as Mondelēz International, is an American multinational confectionery, food, holding, beverage and snack food company based in Chicago. Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.

<span class="mw-page-title-main">Metcalfe's Food Company</span>

Metcalfe’s Food Company was a privately owned food business set up in 2010 by Julian Metcalfe, the founder of the sandwich chain Pret A Manger and Robert Jakobi. Metcalfe’s Food Company sold products under two brands Metcalfes Skinny and itsu grocery.

<span class="mw-page-title-main">Pretzel Belt</span> Cultural region of the United States

The Pretzel Belt, or Pennsylvania Snack Belt, is a concentration of pretzel and snack food makers in the central southeastern region of Pennsylvania, roughly coterminous with Pennsylvania Dutch Country. The first commercial pretzel manufacturer in the United States, the Julius Sturgis Pretzel Bakery, was founded in the region in the borough of Lititz in 1861, and remains extant there today. By the beginning of the 20th century the pretzel had become a cultural institution in the region. The rise of pretzels in the region is attributed in part to their popularity with Civil War soldiers who passed through the area. In the twentieth century, the first automated pretzel machine was developed in Reading, Pennsylvania. Manufacturers also include several pretzel and chip bakeries in Hanover, Pennsylvania, which holds the nickname "the snack capital of the world", as well as other examples like Hershey, Pennsylvania, home of the Hershey Chocolate Company and Asher's Chocolate Co.

References

  1. "Snyders of Hanover yahoo company profile". Yahoo.com. Retrieved 2009-03-22.
  2. Snyder's web FAQ. Archived 2010-09-21 at the Wayback Machine
  3. "Making History: 2020 Discover Hanover Magazine Feature". Discover Hanover. 5 January 2020. Retrieved 21 October 2022.
  4. "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.
  5. "Snyder's of Hanover - Working to Keep Jays Products in Chicago". PRWeb. Retrieved 2019-07-23.
  6. Sellers, Patricia (4 March 2015). "The secretive snack company that Warren Buffett loves". Fortune Magazine. Retrieved 23 January 2016.
  7. Sentementes, Gus (22 July 2010). "Snyder's of Hanover to merge with N. Carolina snack maker Lance". The Baltimore Sun. Retrieved 22 November 2019.
  8. "Campbell Soup to acquire Snyder's pretzel, Pop Secret popcorn maker". USA TODAY. Retrieved 2018-01-06.
  9. "Snyder Of Berlin Sold To Snack Competitor Utz - CBS Pittsburgh". www.cbsnews.com. 2019-10-24. Retrieved 2023-12-17.