M&A Deal Summary |
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Date | 2021-01-11 |
Target | Vitner’s Brand |
Sector | Food |
Buyer(s) | Utz Brands |
Sellers(s) | Snak-King |
Deal Type | Divestiture |
Deal Value | 25M USD |
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Category | Company |
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Founded | 1921 |
Sector | Food |
Employees | 3,400 |
Revenue | 1.4B USD (2023) |
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 | 6 of 10 |
Sector (Food) | 6 of 8 |
Type (Divestiture) | 1 of 1 |
State (California) | 1 of 2 |
Country (United States) | 6 of 10 |
Year (2021) | 1 of 3 |
Size (of disclosed) | 5 of 5 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-11-12 |
Truco Enterprises
Dallas, Texas, United States Truco Enterprises LP is a developer and marketer of tortilla chips, salsa, and queso under the On The Border brand. The company’s products are sold nationally through grocery retailers, club stores, and mass merchandisers. Truco Enterprises is based in Dallas, Texas. |
Buy | $480M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-05-11 |
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. |
Buy | $41M |
Snak-King Corp. is an independent snack food manufacturer. The company provides private-label and co-manufactured products for some of the largest food corporations in the world. Manufacturing capabilities include potato chips, tortilla chips, popcorn, kettle corn, caramel corn, extruded snacks (cheese puffs, cheese curls, nuggets), veggie chips, pop crisps, pork rinds and cracklins, as well as a complete offering of nut clusters, peanut and tree nut mixes, and specialty blends. Snak-King was founded in 1978 and is based in City of Industry, California.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Food) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (California) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2012-01-03 |
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 | - |