European snack maker Intersnack to acquire Utz Brands in a $2.9 billion deal, taking UTZ private and delisting from the NYSE. The move caps UTZ's strong 2025-26 run and gives Intersnack an immediate entry into the U.S. packaged foods market, potentially reshaping UTZ shareholders' exposure.
Utz Brands has agreed to be acquired by Germany's Intersnack Group for roughly $2.9 billion, including debt. The deal could lift UTZ shares toward the implied value on closing certainty, though regulatory and financing steps may delay or derail. If completed, the sale ends UTZ's standalone operation and expands Intersnack's U.S. snacking footprint.
Utz Quality Foods is recalling certain Zapp's and Dirty potato chip varieties due to potential Salmonella contamination of a seasoning, despite no reported illnesses. This voluntary recall could affect sales and brand reputation, especially with consumers emphasizing food safety.
Utz beat Q4 EPS forecasts at $0.22. Earnings outperformed estimates. Branded salty snacks grew 3%, driven by strong Power Four Brands. Growth bolstered sales. Non-branded and non-salty snacks fell 18%. Declines from partner brands impacted revenue. Full-year guidance expects EPS up 10-15% with low-single-digit net sales growth. Confidence is rising. Shares climbed 6% on report despite a past 25% decline. Market reaction was immediate.
Utz lowered net sales growth projection to 2-2.5%. Expectations of more consumer price sensitivity affect competitiveness. Adjusted EPS growth remains unchanged, near market consensus. Shares fell over 1% following guidance adjustment. Year-to-date shares are up roughly 9%.