Utz announces the passing of Chairman Emeritus Michael W. Rice
The founder's death does not impact the planned sale to Intersnack Group for 2026 closure, as leadership remains stable.
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Snack food manufacturer and distributor
utzsnacks.comLast updated
In short: Utz agreed to be taken private by Intersnack Group for $14.25 per share in a $2.9 billion deal expected to close in Q4 2026.
The founder's death does not impact the planned sale to Intersnack Group for 2026 closure, as leadership remains stable.
The Board declared a $0.063 per share dividend payable October 1, funded by Holdings distributions.
Branded salty snacks grew 5.2%, adjusted EBITDA increased 6.2%, and leverage improved to 3.6x.
Net sales rose 1.4% to $371.8 million; adjusted EBITDA increased 14.4%. Intersnack will acquire Utz for $14.25 per share, closing expected in Q4 2026.
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