PA Chips and Snacks maker expands kingdom!
October 7, 2020
Step into a world of snack food conquest where beloved PA chip company continues to reign supreme….kinda, lol
Utz Quality Foods recently entered into an agreement that would allow Utz to purchase H.K. Anderson, a peanut butter-filled pretzel brand, for less than $10 million in cash.
The purchase allows Utz to enter the growing filled-pretzel segment, which is kind of a big deal, because sales of pretzels increased 10 percent to $1.4 billion since September 2019.
The purchase includes the H.K. Anderson brand’s intellectual property but does not include equipment, facilities, or employees.
The deal is expected to close in November and is subject to customary closing conditions. Utz is Headquartered in Hanover and has a whopping 14 facilities in eight states. Its brands include Utz, Hawaiian, Golden Flake, and Good Health. Utz itself is part of Conagra Brands and they are headquartered in Chicago. So, maybe it's less of a chip kingdom and more of a chip empire. ;-p
At any rate, this is how #WeBounceBack in PA!
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