Utz Brands to be acquired by Intersnack Group for $14.25/share cash in going-private deal

Filed July 21, 2026 · Period ending July 21, 2026 · ~2 min read

Key Changes

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  Intersnack Group will acquire all Class A shares for $14.25/share cash, a 91% premium to July 20 close, valuing Utz at ~ enterprise value. Upon closing, Utz will delist from NYSE and become privately owned 50/50 by Intersnack and the founding Rice/Lissette Family.

  Exhibit 99.1 view on EDGAR →
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  Transaction financed by ~ cash from Intersnack, new term loan, ABL facility, founding family rollover equity, and partial reinvestment of tax receivable agreement settlement. Significant leverage will fund the acquisition.

  Exhibit 99.1 view on EDGAR →
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  Closing expected Q4 2026, subject to approval by majority of outstanding shares and majority of disinterested stockholders. Rice/Lissette Family committed to vote ~42% of shares in favor. Dylan Lissette to become Executive Chair post-close.

  Exhibit 99.1 view on EDGAR →