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Snyder’s-Lance Inc. will go before Charlotte City Council Monday night to ask for incentives for a $38 million expansion and the addition of up to 130 jobs as recent acquisitions have boosted the company’s growth. Snyder’s-Lance (LNCE) qualifies for $631,166 in Charlotte incentives and a total of $1.9 million from Mecklenburg County, the state and the city. The other 30 new jobs go to the Ballantyne headquarters for the Charlotte-based snack food company, according to a Charlotte City Council agenda item.
Snyder's-Lance entered into a definitive agreement to acquire Diamond Foods on October 28, 2015. The acquisition creates a powerful international company.
Snyder’s-Lance (LNCE) has a market cap of $2.3 billion. LNCE rose by 1.1% to close at $32.71 per share on February 29, 2016.