AcquisitionsAug 5, 2026, 06:37 AM

Utz Brands to Go Private in $14.25/Share Deal; Q2 Net Sales +1.4%

AI Summary

Utz Brands announced an agreement to be acquired by Intersnack Group GmbH & Co. KG for $14.25 per share in cash, which will take the company private. The transaction is expected to close in the fourth quarter of 2026. For the second fiscal quarter, Utz Brands reported a 1.4% increase in Net Sales to $371.8 million and a 14.4% rise in Adjusted EBITDA to $55.7 million, while Net Income decreased to $(16.0) million.

Key Highlights

Utz Brands to be acquired by Intersnack Group for $14.25 per share in cash.
Transaction expected to close in Q4 2026, taking Utz Brands private.
Q2 Net Sales increased 1.4% to $371.8 million.
Q2 Adjusted EBITDA rose 14.4% to $55.7 million.
Q2 Adjusted Earnings Per Share increased 11.8% to $0.19.
Q2 Net Income decreased to $(16.0) million.
Net Leverage Ratio improved by 0.6x to 3.5x.
Company will not provide 2026 outlook or hold a conference call due to pending deal.

View SEC Filing

UTZ

Packaged Foods

Utz Brands, Inc.

Price Impact