Utz Brands Acquires Festida Foods for $41M

Utz Brands Acquires Truco Enterprises (ON THE BORDER) for $480M

November 12, 2020

Food & Beverage

Utz Brands (NYSE: UTZ) agreed to acquire Truco Enterprises, the maker of On The Border tortilla chips, salsa and queso, from Insignia Capital Group for approximately $480 million in cash. The transaction closed in December 2020; Utz expects to leverage its direct-store-delivery network and broader capabilities to expand the On The Border brand into new markets.

Utz Brands Acquires RW Garcia

December 6, 2021

Food & Beverage

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.

C.H. Guenther & Son Acquires Fresca Mexican Foods

June 23, 2025

Food & Beverage

San Antonio-headquartered C.H. Guenther & Son (CHG), a Pritzker Private Capital-backed food manufacturer, has acquired Fresca Mexican Foods, a Caldwell, Idaho-based producer of flour and corn tortillas and tortilla chips. The acquisition expands CHG's tortilla manufacturing capacity, adds Fresca's 190,000 sq. ft. facility and ~375 employees, and deepens CHG's relationships with QSR, foodservice and private-label customers.

Utz Brands Acquires Clem Snacks and J&D Snacks

January 24, 2022

Food & Beverage

Utz Brands, Inc. has entered into a definitive agreement for its subsidiaries to acquire the assets of two New York direct store delivery (DSD) distributors: Clem Snacks, Inc. (a Clem Companies subsidiary) and J&D Snacks, Inc. The purchases add approximately 125 DSD routes across New York City and Long Island, intended to accelerate Utz's share gains and expand its distribution and retailer support in the region; the transactions are expected to close in Q1 2022 with financial terms undisclosed.

Taglich Private Equity Acquires Fiesta Canning Company

June 1, 2022

Food & Beverage

Taglich Private Equity completed the acquisition of Fiesta Canning Company, a McNeal, Arizona-based processor of green chiles, salsas and sauces. Farragut Capital Partners provided subordinated debt and equity to support the transaction, which represented a family-owner exit and positions the company for growth under new PE ownership.

PepsiCo Acquires Siete Foods for $1.2 Billion

January 17, 2025

Food & Beverage

PepsiCo has completed the acquisition of Garza Food Ventures LLC (dba Siete Foods) for $1.2 billion. The deal brings the Austin-based, Mexican‑American better‑for‑you food brand (available in over 40,000 retailers) into PepsiCo’s portfolio to expand its offerings in healthier and ethnic snack and meal categories.