Germany Savory Snack Manufacturer Intersnack Group to Buy United States Salty Snack Manufacturer Utz Brands for $2.9 Billion (Include Debt) in All-Cash Deal, Representing +91% Premium to Unaffected Closing Price (20/7/26), Utz Brands Founded in 1921 by William Utz & Salie Utz, Utz Brands Current Market Value at $2 Billion, Share Price +37% YTD, -2.5% Last 12 Months & -38.5% Last 5 Years
24th July 2026 | Hong Kong
Germany savory snack manufacturer Intersnack Group has announced to buy United States salty snack manufacturer Utz Brands ($2 billion market value) for $2.9 billion (Include debt) in all-cash deal, representing +91% premium to Utz Brands unaffected closing price (20/7/26). Utz Brands was founded in 1921 by William Utz & Salie Utz. Intersnack Group and the Rice & Lissette family will each own 50% of Utz Brands. Utz Brands current market value at $2 billion, share price +37% YTD, -2.5% last 12 months & -38.5% last 5 years. Utz Brands – Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp’s®, and Boulder Canyon®, among others. After over a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz’s products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve its growing customer base. Intersnack Group – With nearly 60 years’ experience, Intersnack Group is one of the leading snack manufacturers in Europe and Oceania. They have grown continuously in recent years, both organically and through acquisition, becoming a market leader in savory snacks. They now employ around 14,500 people worldwide and have operations in 31 countries across Europe as well as in Asia, Australia and New Zealand. Intersnack generated sales of around $5 billion in 2025. Intersnack is passionate about enriching lives with great tasting snacks, making everything from potato chips and nuts to baked snacks and specialties. Their many famous local and international brands include consumer favorites such as funny-frisch, Chio, POM-BEAR, Estrella, Hula Hoops, McCoy’s, Tayto, Tyrrells, Vico, Griffin’s and Whole Earth, among others.
“ Germany Savory Snack Manufacturer Intersnack Group to Buy United States Salty Snack Manufacturer Utz Brands for $2.9 Billion (Include Debt) in All-Cash Deal, Representing +91% Premium to Unaffected Closing Price (20/7/26), Utz Brands Founded in 1921 by William Utz & Salie Utz, Utz Brands Current Market Value at $2 Billion, Share Price +37% YTD, -2.5% Last 12 Months & -38.5% Last 5 Years “
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Germany Savory Snack Manufacturer Intersnack Group to Buy United States Salty Snack Manufacturer Utz Brands for $2.9 Billion (Include Debt) in All-Cash Deal, Representing +91% Premium to Unaffected Closing Price (20/7/26), Utz Brands Founded in 1921 by William Utz & Salie Utz, Utz Brands Current Market Value at $2 Billion, Share Price +37% YTD, -2.5% Last 12 Months & -38.5% Last 5 Years
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