Intersnack Group to Acquire Utz Brands for $2.9B and Take It Private

Intersnack Group GmbH & Co. KG agreed to acquire all outstanding shares of Utz Brands’ Class A common stock for $14.25 per share in an all-cash deal valued at about $2.9 billion. Following closing (expected in Q4 2026), Utz will be taken private and jointly owned 50/50 by Intersnack and the Rice and Lissette family entities, with Dylan Lissette becoming executive chair.