Add-on Acquisition • Food

Utz Brands Acquires Festida Foods

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

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 Overview 1

Buyer

Utz Brands

Hanover, Pennsylvania, United States

Category Company
Founded 1921
Sector Food
Employees3,000
Revenue 1.4B USD (2024)
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 Context for Buyer #
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