Snyder’s-Lance: Completes Acquisition of Metcalfe

Charlotte / NC. (sli) Snyder’s-Lance Inc. announced that the Company’s Kettle Foods subsidiary completed the acquisition of Metcalfe’s skinny Limited, by acquiring the remaining 74 percent interest in the leading UK premium popcorn brand. Kettle Foods had initially acquired a 26 percent stake in the business from Metcalfe in January 2016. Metcalfe was founded in 2009 by Julian Metcalfe, the co-founder of Pret A Manger and founder of itsu. Metcalfe’s skinny is the UK’s leading premium popcorn brand, and also incorporates a fast growing range of corn and rice cake products. The UK popcorn market is one of the fastest growing categories within the UK snack food industry, growing by 45 percent over the last two years as consumers increasingly seek out better-for-you snacking options.