Utz Brands Acquires RW Garcia
December 6, 2021
Utz Brands, Inc. has completed the acquisition of R.W. Garcia Holdings, LLC (RW Garcia) for $56 million, funded with cash on hand and borrowings under its revolving credit facility. RW Garcia is a family-owned maker of organic, better-for-you tortilla chips, crackers and corn chips with manufacturing facilities in Nevada and North Carolina; the deal adds production capacity and complementary product capabilities to Utz's portfolio and is expected to be accretive to earnings.
- Buyers
- Utz Brands, Inc.
- Targets
- R.W. Garcia Holdings, LLC (RW Garcia)
- Sellers
- Robert and Margaret Garcia (founders / family owners)
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
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