Tracked deals
4
4 tracked deals across 2020-2022.
Hanover, Pennsylvania, United States
Utz Brands, Inc. (NYSE: UTZ) manufactures and distributes a diverse portfolio of savory snack foods through popular brands including Utz, Zapp’s, ON THE BORDER, Good Health, Golden Flake, and Boulder Canyon. Products are distributed nationally through grocery and other retail channels. Headquartered in Hanover, Pennsylvania, with multiple U.S. manufacturing facilities.
Tracked deals
4
4 tracked deals across 2020-2022.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
4 buyout
Last 3 years
Supporting Data
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.
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.
Utz Brands, Inc. agreed to acquire all assets (including Grand Rapids, Michigan real estate) of Festida Foods from Great Lakes Festida Holdings, Inc. for $41 million. The acquisition brings in Festida’s tortilla- and corn-chip manufacturing capacity to support Utz’s ON THE BORDER brand, deliver supply‑chain synergies, and expand production and geographic reach in the Midwest.
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.
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