Snyder's-Lance Completes Divestiture Of Culinary Nut Business

Snyder’s-Lance, Inc. announced that the company has completed the divestiture of its Diamond of California® culinary nut business.  As previously announced, the sale of Diamond of California® aligns with the Company’s strategy to focus more resources on the growth opportunities for its core brands.  The transaction also reflects the Company’s commitment to improving capital efficiency, and is anticipated to be accretive to both returns on invested capital and operating margins.  The transaction closed on December 31, 2016.