Traditional U.S. brands expand the Intersnack portfolio
Intersnack Group and Utz Brands, Inc., a leading U.S. manufacturer of branded salty snacks, announced that the companies have entered into a definitive agreement pursuant to which Intersnack Group will acquire all outstanding shares of Class A Common Stock of the Company for $14.25 per share in cash. The price represents a premium of approximately 91% over the July 20, 2026 closing price and an enterprise value of approximately $2.9 billion. Upon closing the transaction, Utz will become a private company with the Rice and Lissette Family Entities and Intersnack Group each owning 50% of Utz.
“For more than 100 years, Utz has made snacks that are enjoyed by consumers across the U.S.,” said Dylan Lissette, Chairperson of the Utz Board of Directors. “We are excited to partner with the accomplished Intersnack team.”
Utz’s broad portfolio includes nationally distributed, well-known, brands such as Utz, Boulder Canyon, On The Border, and Zapp’s, as well as regional or category-specific brands such as TGI Fridays and Golden Flake.
Johan van Winkel, Executive Chairman of Intersnack Group said: “Our partnership with the Rice and Lissette Family, and commitment to Utz, represents a compelling opportunity for Intersnack to expand our exposure into the large and attractive U.S. snacking market, where we do not currently have a presence. We have long admired Utz’s brands, its heritage and the strength of its team. Together with the Rice and Lissette families, we see great potential to build on the company’s strong foundations and to work together to drive its successful development in the US market.”