Acquiring Company
Utz Brands
Acquired Company
Clem Snacks
HanoverOtherFood and BeverageAgriculture and FarmingFood And BeverageHospitalityRetailFood ProcessingDescription
Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries have completed the acquisition of the assets of two existing third party direct store delivery (“DSD”) distributors, Clem Snacks, Inc. (“Clem,” a subsidiary of Clem Companies) and J&D Snacks, Inc. (“J&D”). The Company used balance sheet cash and its revolving credit facility to fund the acquisition and the impact to the Company’s net leverage ratio is not meaningful. Utz continues to expect the transaction to be accretive to earnings in fiscal 2022 and beyond.
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Frequently asked
Who acquired Clem Snacks?
Clem Snacks was acquired by Utz Brands, based in Hanover. The deal was reported on February 7, 2022. Utz Brands, Inc. Utz Brands is publicly traded (UTZ) and operates in Other.
When did Utz Brands acquire Clem Snacks?
Utz Brands's acquisition of Clem Snacks was reported on February 7, 2022. Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Clem Snacks do?
Clem Snacks is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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