Business
Intersnack Acquires Utz Brands for $2.9 Billion, Enters U.S. Market
German snacks manufacturer Intersnack Group announced on July 21, 2026 its intention to acquire American Utz Brands for approximately $2.9 billion, or $14.25 per share — a 91.3% premium over the last closing price. The transaction marks the group's first entry into the North American market. Following completion of the transaction, Intersnack and the founding Utz families (Rice and Lissette families) will each hold 50% of the company, which will be delisted from public markets.