Lance, Inc. Has Announced Their Agreement To Purchase The Stella D'oro Brand

Lance, Inc. has announced an agreement with Stella D'oro Biscuit Co., Inc. to purchase the Stella D'oro brand as well as specific pieces of manufacturing equipment and inventory. Lance will manufacture the products in its bakery located in Ashland, Ohio. The agreement is planned to close early in the fourth quarter.

Founded in 1932, Stella D'oro is a leader in the specialty cookie segment. Their product list includes cookies, breakfast treats, breadsticks and biscotti which are sold in grocery stores throughout the United States.

About Lance, Inc.

Lance, Inc., headquartered in Charlotte, NC, manufactures and markets snack foods throughout much of the United States and other parts of North America. The Company's products include sandwich crackers and cookies, potato chips, crackers, cookies, other snacks, sugar wafers, nuts, restaurant style crackers and candy. Lance has manufacturing facilities in North Carolina, Iowa, Georgia, Massachusetts, Texas, Florida, Ohio, and Ontario, Canada. Products are sold under the Lance, Cape Cod, Tom's, and Archway brand names along with a number of private label and third party brands. The Company's products are distributed through its direct-store-delivery system, a network of independent distributors and direct shipments to customer locations. Products are distributed widely through grocery and mass merchant stores, convenience stores, club stores, food service outlets and other channels.

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