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Get filing alertsUtz 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 · ~1 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 → -
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Financing risk: Parent must obtain debt financing to complete the transaction. Failure to secure financing could prevent deal closure and adversely affect Utz's business and stock price.
Item 5.02 verify on EDGAR → -
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Operational risks include management distraction and potential difficulties retaining employees, suppliers, and customers during deal pendency.
Exhibit 99.1 view on EDGAR →
Summary
Utz Brands announced a definitive merger agreement under which Intersnack Group will acquire all outstanding Class A common stock for $14.25 per share in cash, representing a 91% premium to the prior day's closing price and an enterprise value of approximately. The transaction will take Utz private, with post-closing ownership split equally between Intersnack and the founding Rice and Lissette Family.
Dylan Lissette will assume the role of Executive Chair, and Utz common stock will be delisted from the NYSE. This financing structure indicates the deal will be significantly leveraged. The transaction requires approval by a majority of outstanding shares and a majority of disinterested stockholders; the Rice and Lissette Family has committed to vote approximately 42% of shares in favor.
Closing is expected in Q4 2026, subject to regulatory approvals and customary conditions, including the acquirer securing financing.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Utz Brands announced execution of a merger agreement with Intersnack Group GmbH & Co. KG and its affiliates.
Added in current filing · verify on EDGAR →
On July 21, 2026, Utz Brands, Inc., a Delaware corporation (the “Company”), and Intersnack Group GmbH & Co. KG, a German limited partnership (Kommanditgesellschaft) (“Parent”), issued a joint press release announcing the execution of an Agreement and Plan of Merger, by and among the Company, Parent, Idaho USA, Inc., a Delaware corporation (“Acquiror”), and Idaho Merger Sub, Inc., a Delaware corporation and direct or indirect wholly-owned subsidiary of Acquiror.
Utz Brands has entered into a definitive merger agreement with Intersnack Group and its affiliates Idaho USA, Inc. and Idaho Merger Sub, Inc. The transaction structure involves a merger subsidiary, which typically means Utz shareholders will receive consideration for their shares when the deal closes, subject to regulatory approvals and customary closing conditions.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Utz Brands files 8-K referencing a proposed transaction requiring stockholder and regulatory approvals, with forward-looking statements.
Added in current filing · verify on EDGAR →
the risk that the proposed transaction may not be completed in a timely manner, or at all, which may adversely affect the Company’s business and the price of the common stock of the Company; (ii) the failure to satisfy the conditions to the consummation of the proposed transaction, including, without limitation, the receipt of stockholder approvals and the receipt of necessary regulatory approvals
The 8-K references a proposed transaction that requires stockholder and regulatory approvals to close. The filing does not disclose the nature, terms, or counterparty of the transaction, but indicates it is material enough to require a proxy statement and poses risks to the company's business and stock price if not completed. The filing cross-references a prior May 28, 2026 8-K for additional context.
Added in current filing · verify on EDGAR →
risks regarding the failure of Parent to obtain the financing to complete the proposed transaction
The filing discloses that a party referred to as "Parent" must obtain financing to complete the proposed transaction, and that failure to secure this financing is a risk factor. This suggests the transaction may involve an acquisition of Utz Brands by another entity that requires debt or equity financing to close the deal.
Added in current filing · verify on EDGAR →
potential difficulties maintaining relationships with or otherwise retaining employees, independent operators, suppliers or customers as a result of the announcement and pendency of the proposed transaction; (v) risks related to diverting management’s attention from the Company’s ongoing business operations
The company acknowledges that the pending transaction may distract management from day-to-day operations and create challenges in retaining employees, independent operators, suppliers, and customers during the transaction period. These operational risks are typical of merger or acquisition processes but can impact near-term business performance.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
The transaction is expected to close in the fourth quarter of 2026, subject to the satisfaction of regulatory and other conditions, including approval by the holders of a majority of the Company’s outstanding common stock and the holders of a majority of the votes cast by disinterested stockholders of the Company.
The Rice and Lissette Family, Dylan Lissette and certain of their affiliates have entered into an agreement pursuant to which they have committed to vote shares representing approximately 42% of Utz’s common stock in favor of the transaction.
The transaction requires approval by a majority of all outstanding common stock and a majority of disinterested stockholders. The Rice and Lissette Family has committed to vote approximately 42% of Utz's common stock in favor of the deal. Closing is expected in Q4 2026, subject to regulatory and other customary conditions.
Added in current filing · view on EDGAR →
Following the closing of the transaction, the Rice and Lissette Family and Intersnack Group will each own 50% of Utz, Dylan Lissette will assume the role of Executive Chair of Utz and Utz common stock will no longer be listed on the NYSE.
After the transaction closes, Utz will be owned equally (50/50) by the founding Rice and Lissette Family and Intersnack Group. Dylan Lissette will become Executive Chair. Utz common stock will be delisted from the NYSE, ending its status as a publicly traded company.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Utz plans to release its financial results for the second quarter of 2026 on August 5, 2026. Given the announced transaction, the Company will not host an earnings conference call or issue an earnings presentation or prepared remarks.
Utz will release Q2 2026 financial results on August 5, 2026, but will not hold an earnings call or issue a presentation or prepared remarks due to the announced going-private transaction. This is a procedural change reflecting the company's transition to private ownership.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 22, 2026 · How we verify