Intersnack acquires Utz Brands, Utz, On The Border, Zapp's and Boulder Canyon
Intersnack Group of Düsseldorf agreed to take Utz Brands private for $14.25 a share in cash, an enterprise value of about $2.9 billion. After closing, Utz would be owned 50 per cent by entities of the Rice and Lissette families, descendants of its founders, and 50 per cent by Intersnack, whose own brands include Chio, Hula Hoops, McCoy's, Tyrrells and Tayto. The family would stay as half-owner rather than sell out.
- Value
- $2.9bn
- Buyer
- Intersnack
- Seller
- public shareholders
- Regulatory
- None recorded