M&A Deal Summary

Utz Brands Acquires Inventure Foods

On October 26, 2017, Utz Brands acquired food company Inventure Foods for 165M USD

Acquisition Highlights
  • This is Utz Brands’ 3rd transaction in the Food sector.
  • This is Utz Brands’ 2nd largest (disclosed) transaction.
  • This is Utz Brands’ 3rd transaction in the United States.
  • This is Utz Brands’ 1st transaction in Arizona.

M&A Deal Summary
Date 2017-10-26
Target Inventure Foods
Sector Food
Buyer(s) Utz Brands
Deal Type Add-on Acquisition
Deal Value 165M USD
Advisor(s) Rothschild Global Advisory (Financial)

Target

Inventure Foods

Phoenix, Arizona, United States
website
Inventure Foods, Inc. is a marketer and manufacturer of specialty food brands in better-for-you and indulgent categories under a variety of Company owned and licensed brand names, including Boulder Canyon Foods™, TGI Fridays™, Nathan's Famous®, Vidalia Brands®, Poore Brothers®, and Tato Skins®, Bob's Texas Style®.

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Buyer(S) 1

Buyer

Utz Brands

Hanover, Pennsylvania, United States

website

Category Company
Founded 1921
Sector Food
Employees3,469
Revenue 1.2B USD (2020)
DESCRIPTION

Utz Brands is a manufacturer and marketer of snack foods. Utz Brands produces a full line of snack products including potato chips, pretzels, cheese snacks, corn products and popcorn. Based in Hanover, PA, Utz operates 11 facilities located in Pennsylvania, Colorado, Louisiana, Massachusetts, Alabama and Florida. Utz Brands was founded in 1921 and is based in Hanover, Pennsylvania.

DEAL STATS #
Overall 3 of 10
Sector (Food) 3 of 8
Type (Add-on Acquisition) 3 of 8
State (Arizona) 1 of 1
Country (United States) 3 of 10
Year (2017) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-10 Keystone Pretzel Bakery

Lititz, Pennsylvania, United States

Keystone Pretzel Bakery is a provider of snacks, particularly its Oatzels oat bran pretzels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Kitchen Cooked

Farmington, Illinois, United States

Kitchen Cooked, Inc. is a manufacturer and distributor of snack foods. Kitchen Cooked is based in Farmington, Illinois.

Buy -
Mergr

Product

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