UTZ - Mergers and acquisitions

Utz Brands, Inc. (NYSE:UTZ) ("Utz" or the "Company"), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries have completed the acquisition of the assets of two existing third party direct store delivery ("DSD") distributors, Clem Snacks, Inc. ("Clem," a subsidiary of Clem Companies) and J&D Snacks, Inc. ("J&D"). The Company used balance sheet cash and its revolving credit facility to fund the acquisition and the impact to the Company's net leverage ratio is not meaningful. Utz continues to expect the transaction to be accretive to earnings in fiscal 2022 and beyond. Founded in 1955, Clem is a family-owned and operated distributor based in Brooklyn, New York w

Utz Brands, Inc. (NYSE:UTZ) ("Utz" or the "Company"), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries have completed the acquisition of R.W. Garcia Holdings, LLC and related entities ("RW Garcia") for a total purchase price of $56 million, subject to customary purchase price adjustments. The Company used balance sheet cash and its revolving credit facility to fund the acquisition and the impact to the Company's net leverage ratio is not meaningful. Utz continues to expect the transaction to be accretive to earnings in fiscal 2022 and beyond. RW Garcia is a family-owned and operated artisan maker of high-quality organic tortilla chips, crackers, and corn