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Stock impact report

Snyder of Berlin potato chip plant sold to Popchips snack maker [Yahoo! Finance]

Utz Brands Inc Class A (UTZ) 
Company Research Source: Yahoo! Finance
Snyder's parent company, Utz Brands Inc., is selling the Berlin plant and another facility in Fitchburg, Massachusetts, to Our Home as part of an $18.5 million deal, the companies announced Thursday. The Berlin and Massachusetts plants employ a total of approximately 168 people, said Kevin Brick, Utz's senior vice president of marketing. After the deal is finalized, they will become employees of Our Home — a growing New Jersey snack company known for brands including Popchips and Food Should Taste Good. "These acquisitions expand Our Home across potato chips, cheese puffs and popcorn, reinforcing our position as a leading independent better-for-you snacking platform," said Aaron Greenwald, founder and CEO of Our Home. Greenwald said the acquisition will expand Our Home's footprint and distribution opportunities across the country. It will give Our Home a total of seven manufacturing facilities. Utz company officials said the deal is set to close Monday and includes a transi Show less Read more
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