Snyder's of Hanover explained

Snyder's of Hanover should not be confused with Snyder of Berlin.

Snyder's of Hanover, Inc.
Type:Subsidiary
Founder:Harry V. Warehime
Location City:Hanover, Pennsylvania, U.S.
Key People:Michael Warehime (Chairman)
Carl Lee (President, CEO)[1]
Industry:Pretzels
Products:See products section
Revenue:US$652 million
Parent:Campbell Soup Company
Subsid:Jays Foods

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]

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 .[8] Utz Foods would go on to merge with the similarly named but unaffiliated company Snyder of Berlin in 2019.[9]

See also

Notes and References

  1. Web site: Snyders of Hanover yahoo company profile . 2009-03-22 . Yahoo.com.
  2. http://www.snydersofhanover.com/FAQ/ Snyder's web FAQ.
  3. Web site: Making History: 2020 Discover Hanover Magazine Feature. Discover Hanover. 21 October 2022. 5 January 2020.
  4. Web site: Our Story . 24 January 2016 . Snyder's of Hanover. Web site: Hanover Foods Corporation History . 24 January 2016. Web site: The Snyder of Berlin Story - Timeline. Snyder of Berlin. 24 January 2016.
  5. Web site: Snyder's of Hanover - Working to Keep Jays Products in Chicago. https://web.archive.org/web/20080821080307/http://www.prweb.com/releases/2007/12/prweb574990.htm. dead. August 21, 2008. PRWeb. 2019-07-23.
  6. Web site: Sellers. Patricia. The secretive snack company that Warren Buffett loves. Fortune Magazine. 23 January 2016. 4 March 2015.
  7. News: Sentementes. Gus. Snyder's of Hanover to merge with N. Carolina snack maker Lance. 22 November 2019. The Baltimore Sun. 22 July 2010.
  8. News: Campbell Soup to acquire Snyder's pretzel, Pop Secret popcorn maker. USA TODAY. 2018-01-06. en.
  9. Web site: 2019-10-24 . Snyder Of Berlin Sold To Snack Competitor Utz - CBS Pittsburgh . 2023-12-17 . www.cbsnews.com . en-US.