Intersnack to buy Utz shares for USD 14.25 each, take snackmaker private with founding family

• Intersnack Group agreed to buy all outstanding Utz Class A shares for USD 14.25 each in cash, valuing the deal at about USD 2.9 billion.
• Utz will be taken private, with Intersnack and the Rice and Lissette family entities each holding 50% upon closing.
• The price implies a roughly 91% premium to the July 20, 2026 close; closing is expected in Q4 2026, subject to conditions.
• Financing includes about USD 920 million of Intersnack cash, a USD 1.1 billion term loan, a USD 250 million ABL facility, and rollover equity from the founding family.
• The Rice and Lissette family committed to vote shares representing about 42% of Utz’s common stock in favor of the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Utz Brands Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720176955) on July 21, 2026, and is solely responsible for the information contained therein.