M&A Deal Summary

Utz Brands Acquires Festida Foods

On May 11, 2021, Utz Brands acquired food company Festida Foods for 41M USD

Acquisition Highlights
  • This is Utz Brands’ 7th transaction in the Food sector.
  • This is Utz Brands’ 4th largest (disclosed) transaction.
  • This is Utz Brands’ 7th transaction in the United States.
  • This is Utz Brands’ 1st transaction in Michigan.

M&A Deal Summary
Date 2021-05-11
Target Festida Foods
Sector Food
Buyer(s) Utz Brands
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

Festida Foods

Grand Rapids, Michigan, United States
Festida Foods is a developer and co-packer of tortilla chips, corn chips, and pellet snacks for branded food companies across the U.S. Festida Foods is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Utz Brands

Hanover, Pennsylvania, United States
Category Company
Founded 1921
Sector Food
Employees3,400
Revenue 1.4B USD (2023)
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. Utz Brands was founded in 1921 and is based in Hanover, Pennsylvania.

DEAL STATS #
Overall 7 of 10
Sector (Food) 7 of 8
Type (Add-on Acquisition) 5 of 8
State (Michigan) 1 of 1
Country (United States) 7 of 10
Year (2021) 2 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Vitner’s Brand

City of Industry, California, United States

Vitner’s Brand is a manufacturer and distributor of snack foods. The Company offers potato chips, cheese puffs, popcorn, pretzels, tortilla chips, and candy bars.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 RW Garcia

Scotts Valley, California, United States

RW Garcia is a family-owned and operated artisan maker of high-quality organic tortilla chips, crackers, and corn chips. All RW Garcia products are non-GMO verified, certified gluten-free, low sodium, kosher, and free of artificial additives or preservatives. RW Garcia was founded in 1982 and is based in Scotts Valley, California.

Buy $56M
Mergr

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