Utz announces agreement to be taken private by Intersnack Group
Intersnack will acquire Utz for $14.25 per share in cash, valuing the company at about $2.9 billion. The deal is expected to close in Q4 2026.
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Snack food manufacturer
utzsnacks.comLast updated
In short: Utz agreed to be taken private by Intersnack Group in a $2.9 billion deal and managed several product recalls for safety concerns.
Intersnack will acquire Utz for $14.25 per share in cash, valuing the company at about $2.9 billion. The deal is expected to close in Q4 2026.
The dividend of $0.063 per share is payable on July 2, 2026 to stockholders of record on June 22, 2026.
Net sales grew 2.6% to $361.3M, branded snacks up 5.2%, adjusted EBITDA up 6.2%.
The recall covers Zapp's and Dirty brands due to potential Salmonella contamination.
Utz Quality Foods, LLC., is issuing a voluntary recall for 88 cases of Utz® 2.75 oz. Wavy Original Potato Chips due to an undeclared milk...
After six years on the stock market, Hanover's Utz will return to private ownership through a $2.9 billon deal with the Intersnack Group of Germany.
Utz Quality Foods is recalling some of its Zapp's and Dirty brand potato chips because an ingredient may be contaminated by salmonella.
Q3 Earnings Outperformers: Utz (NYSE:UTZ) And The Rest Of The Shelf-Stable Food Stocks Let’s dig int...
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