Snyders-Lance, the $3.8 billion snackmaker known for its pretzels (Snyders of Hannover), popcorn (e.g., PopSecret) and potato chips (e.g., Cape Code), has hired an investment bank to explore a possible sale of the company, according to CNBC.
Why now: Charlotte-based Snyders-Lance reportedly received an unsolicited approach from Campbell Soup Co., which has been seeking growth via innovation initiatives like an in-house venture capital unit.
