Intersnack Group to Acquire Utz Brands in $2.9 Billion Deal

Intersnack Group GmbH & Co. KG entered into a definitive agreement to acquire Utz Brands, Inc. in a transaction valued at approximately $2.9 billion. The German manufacturer will purchase all outstanding Class A common stock for $14.25 per share in cash, a premium of roughly 91% over the July 20, 2026, closing price.

Upon completion of the deal in the fourth quarter of 2026, Utz will be delisted from the New York Stock Exchange and become a private company. Ownership will be split equally between Intersnack Group and the Rice and Lissette Family Entities. The acquisition is financed through $920 million from Intersnack, rollover equity from the founding families, and $1.35 billion in new term and asset-backed loans.

This partnership provides Intersnack with its first presence in the U.S. market while granting Utz access to global resources and innovation. Dylan Lissette is appointed to serve as Executive Chair of Utz following the close. The transaction remains pending regulatory approval and stockholder consent.