Utz Brands will be taken private in a $2.9 billion sale to Germany-based Intersnack Group, the companies said Tuesday [1], [2].
The deal allows Intersnack to establish its first foothold in the U.S. snack market while allowing Utz to exit the public markets after six years [2], [4].
The transaction was announced on July 21, 2026 [1]. Under the terms of the agreement, Intersnack will purchase the chip maker for $14.25 per share [1]. The deal is expected to close in the fourth quarter of 2026 [1], [2].
Utz Brands is headquartered in Baltimore, Maryland [2]. The move represents a strategic shift for the company's owners, who are seeking a return to private ownership [4].
Reports on the exact ownership structure vary. Some sources said that Intersnack is purchasing the company in full [1], while other reports suggest the firm is buying half of Utz Brands [3], or that ownership will be split between Intersnack and the founding family [5].
Intersnack Group intends to use the acquisition to expand its global snack portfolio [4]. The company has previously operated primarily outside of the U.S. market [2].
“Utz Brands will be taken private in a $2.9 billion sale to Germany-based Intersnack Group”
This acquisition signals a significant consolidation in the global snack industry. By acquiring a well-established U.S. brand, Intersnack bypasses the traditional barriers to entry in the American market. For Utz, returning to private ownership removes the pressure of quarterly public earnings reports, potentially allowing the company to pursue longer-term growth strategies without shareholder scrutiny.
