Lance Inc. Invests in Late July

"CHARLOTTE, N.C., Dec. 7 /PRNewswire-FirstCall/ -- Lance, Inc. (Nasdaq: LNCE) today announced that in an effort to increase its presence in the organic food sector, it has purchased a non-controlling minority equity interest in Late July Snacks LLC, a privately held organic snack food company.
"Entry into the organic food sector with our investment in Late July(R) is consistent with our strategy to increase our presence in the better-for-you products category, and will allow us to capitalize on growing consumer trends in the organic food space," said Dave Singer, President and CEO of Lance, Inc.
"We are excited about our investment in Late July(R), and look forward to pursuing opportunities to leverage our collective strengths to drive profitable growth in both of our businesses."

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