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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