Utz Brands (UTZ) Misses Q1 EPS by 1c, Revenues Miss
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Utz Brands (UTZ) Reports Acquisition of Festida Foods
May 11, 2021 6:00 AM EDTUtz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries have entered into a definitive agreement with Great Lakes Festida Holdings, Inc. and related entities, to acquire all of the assets, including the real estate located in Grand Rapids, MI, related to the operation of Festida Foods (Festida Foods or Festida). Festida Foods is a leading manufacturer of tortilla chips, corn chips, and pellet snacks, and the largest manufacturer of tortilla chips for Utzs ON THE BORDER® (OTB) tortilla chip brand. The total purchase price is $41 million... More
