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Snyder’s-Lance acquires Massachusetts distributor

Charlotte-based snack maker Snyder’s-Lance Inc. announced Tuesday that it has acquired a Massachusetts distribution company, its latest move toward expanding its ability to deliver its products directly to stores.

Snyder’s-Lance did not disclose the price it paid for Stateline Service Corp.

Snyder’s-Lance has been known for frequent acquisitions since the late 1970s, deals that expanded its presence beyond snack crackers into chips, cookies and wafers. The 2010 merger between Charlotte’s Lance Inc. and Snyder’s of Hanover created the nation’s second-largest snack producer.

But the company also has focused on acquiring distribution companies while growing that part of its business organically as well.

In a transaction similar to Tuesday’s, Snyder’s-Lance bought Augusta, Ga., distributor O’Byrne Distributing Inc. in June 2012. It bought another Northeastern distributor, George Greer Co. Inc., in August 2011.

In each case, Snyder’s-Lance cited strengthening its “direct store delivery” network as the motivation for the purchase.

A Snyder’s-Lance representative did not immediately return a phone call seeking comment.

The company employs about 1,500 people in Charlotte, primarily at a corporate office in Ballantyne and a manufacturing facility on South Boulevard near Interstate 485.

Dunn: 704-358-5235 Twitter: @andrew_dunn
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