Utz Brands Acquires Clem Snacks and J&D Snacks
January 24, 2022
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.
- Buyers
- Utz Brands, Inc.
- Targets
- Clem Snacks, Inc., J&D Snacks, Inc.
- Sellers
- Clem Companies
- Industry
- Food & Beverage
- Location
- New York, United States
- Transaction Type
- Buyout
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