Snack and cracker company Lance, Inc., headquartered in Charlotte, announced that it will purchase Stella D'oro brand as well as certain manufacturing equipment and inventory. Stella D'oro is a leading brand in the specialty cookie segment.
"We are excited about the opportunity to add the Stella D'oro brand to our growing portfolio of niche snack food brands. We believe that the additional resources that can be provided under the Lance umbrella will help this iconic brand achieve renewed growth," said David V. Singer, President and Chief Executive Officer. "The Stella D'oro brand will make us a more valuable partner with our customers and leverage our existing capabilities to support our trend of profitable growth."