Utz Brands - M&A Summary and Business Overview

FoodCompany

Utz Brands M&A Summary

Utz Brands has acquired 11 companies, including 8 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Utz Brands’ largest acquisition to date was in 2020, when it acquired Truco Enterprises for $480M. Utz Brands has acquired in 8 different US states. The Company’s most targeted sectors include food (80%) and distribution (20%).

Utz Brands Business Overview

Where is Utz Brands headquartered?

Utz Brands is headquartered in Hanover, Pennsylvania.

What is Utz Brands’ revenue?

Utz Brands disclosed revenue of 1,181M USD for 2020 and 772M USD for 2018.

How many employees does Utz Brands have?

Utz Brands has 3,469 employees.

What sector is Utz Brands in?

Utz Brands is a food company.

When was Utz Brands founded?

Utz Brands was founded in 1921.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Utz Brands

Utz Brands, Inc.

900 High Street,
Hanover, Pennsylvania 17331
United States,
(717) 637-6644
www.utzsnacks.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 4 1 3 2 - - 10
vol $165M $480M $122M $767M
Sell (0.2/yr) # - - - - - 1 1
  11

Most Recent M&A

Company Date Value Type
R.W. Garcia Holdings LLC 2024-01-31 - Divestiture
Scotts Valley, California · www.rwgarcia.com
Clem Snacks, Inc. 2022-01-24 - Add-on Acquisition
Brooklyn, New York
J&D Snacks, Inc. 2022-01-24 - Add-on Acquisition
Bronx, New York · www.jdsnacks.com
R.W. Garcia Holdings LLC 2021-11-02 56M USD Add-on Acquisition
Scotts Valley, California · www.rwgarcia.com
Festida Foods 2021-05-11 41M USD Add-on Acquisition
Grand Rapids, Michigan · www.festidafoods.com
Vitner’s Brand 2021-01-11 25M USD Divestiture
City of Industry, California
Truco Enterprises LP 2020-11-12 480M USD Add-on Acquisition
Dallas, Texas · www.ontheborderchips.com
Kitchen Cooked, Inc. 2019-12-31 - Merger
Farmington, Illinois · www.kitchencooked.net
Inventure Foods, Inc. 2017-10-26 165M USD Add-on Acquisition
Phoenix, Arizona · www.inventurefoods.com
Keystone Pretzel Bakery 2015-04-10 - Add-on Acquisition
Lititz, Pennsylvania · www.keystonepretzels.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 8 (80%) 767M (100%) 1 (100%) -
Distribution 2 (20%) - - -
Total 10 $767M 1 -

By Geo

State/Country Buy Value Sell Value
United States 10 767M 1 -
  California 2 81M 1 -
  New York 2 - - -
  Texas 1 480M - -
  Pennsylvania 1 - - -
  Michigan 1 41M - -
  Illinois 1 - - -
  Colorado 1 - - -
  Arizona 1 165M - -
Total 10 $767M 1 -

Top M&A Advisors

Financial Deals
Rothschild Global Advisory
1
Legal Deals
Cozen O'Connor
2
DLA Piper
1

Deal Values

buy # Total
$100M to $1B 2 $645M
< $100M 3 $122M
TOTAL $767M
Largest Truco Enterprises LP
$480M (2020-11-12)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
10%
1 (10%)
Divested to
Strategic(s)
100%
1 (100%)

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