USA: Snyder’s-Lance to close snack facility

Snyder’s Lance, the US snacks firm, has announced the closure of a snack plant in Perry, FL as part of a “performance transformation plan”.

As part of a move to “optimize the Company’s global manufacturing network”, the firm said that the plant was expected to close by September 2017.

“This decision is intended to enable the Company to more effectively utilize the capacity of its remaining chips plants and re-allocate resources to support the Company’s growth objectives”, Snyder’s Lance said in a statement. Around 250 jobs are set to be lost as a result of the plant closure.

Commenting on the closure, Snyder’s-Lance President and CEO Brian Driscoll said: “This has been a very difficult decision for our organization and we sincerely appreciate how difficult this is for our impacted team members and their families.  However, this is a required first step to improve our financial performance, balancing costs and expected levels of profitability in a very competitive environment. These actions are in-line with our previously communicated intentions to initiate a broad-based strategic plan to optimize our cost structure”.

Source: Snyder’s-Lance