Utz Brands, Inc. (NYSE: UTZ) shares began Tuesday near double in price. The company, purporting to be a leading U.S. manufacturer of branded salty snacks, and Intersnack Group GmbH & Co. KG, a leading, multinational savory snack manufacturer, today announced that the companies have entered into a definitive agreement pursuant to which Intersnack Group will acquire all outstanding shares of Class A Common Stock of the Company for $14.25 per share in cash. The price represents a premium of approximately 91% over the July 20, 2026 closing price and an enterprise value of approximately $2.9 billion.
Upon closing the transaction, Utz will become a private company with the Rice and Lissette Family Entities and Intersnack Group each owning 50% of Utz.
Intersnack Group is a family-founded, privately-owned, multinational snack company. Starting as a German potato chip producer in 1968, Intersnack Group has grown to become a leading snack manufacturer in Europe and Oceania.
“Intersnack Group,” this morning’s news release reports, “has built an extensive product portfolio across a multitude of snack categories, both organically and through acquisitions and key partnerships, by combining the benefits of international experience and local expertise.”
UTZ shares began the trading day Tuesday up $6.69, or 89.9%, to $14.14
