Inside these posts: Pretzles

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Merger to make new No. 2 snack giant

The peanut butter and cheese crackers of Lance Inc. are just one vote away from being combined with the pretzels of Snyder’s of Hanover Inc. as the companies aim to form the country’s No. 2 producer of salty snacks after PepsiCo Inc.’s Frito-Lay division.

Shareholders of Charlotte-based Lance cast 96 percent of their votes Thursday in favor of issuing the stock needed to merge with privately-held Snyder’s of Hanover, Pa. Snyder’s shareholders will vote on the merger Friday, and if they approve, the companies could complete the move Monday. The new company would be called Snyder’s-Lance.