Key TakeawaysGermany’s Intersnack Group has agreed to acquire Utz Brands for $14.25 per Class A share in an all-cash transaction.The acquisition values the snack company at approximately $2.9 billion, representing a 91% premium to Monday’s share price.Shares of UTZ surged nearly 89% on Tuesday after the buyout was announced.Following the transaction’s completion, ownership will be equally divided between Intersnack and the founding Rice and Lissette families.The company will exit the NYSE and has canceled its second-quarter earnings release, with closure anticipated in Q4 2026.Utz Brands (UTZ) is transitioning to private ownership. Germany-based Intersnack Group has agreed to acquire the company for $14.25 per Class A share in cash.Intersnack to acquire $UTZ Brands for $14.25 per share in cash, valuing the snack maker at roughly $2.9BAfter the deal, Intersnack and the Rice-Lissette family will each own 50% of Utz, which will be taken private and delisted from the NYSE.The transaction is expected to… pic.twitter.com/g4gN6SJ9Kt— Wall St Engine (@wallstengine) July 21, 2026The transaction assigns Utz an enterprise value of approximately $2.9 billion when including debt. This represents a substantial 91% premium relative to where shares closed on Monday.Market reaction to the buyout announcement was immediate and dramatic. UTZ shares rocketed nearly 89% during Tuesday’s session, reaching approximately $14.06.Utz Brands, Inc., UTZThe acquisition was publicly disclosed on July 21, 2026. Company statements emphasized the strategic alignment between both family-owned businesses.Howard Friedman, Utz’s Chief Executive Officer, highlighted how Intersnack’s strengths in marketing infrastructure, production facilities, and technological systems will support brand expansion. He positioned the transaction as enabling continued investment across Utz’s product lineup.Dylan Lissette, who chairs Utz’s board of directors, shared similar sentiments. He characterized Intersnack as an aligned strategic partner that values iconic consumer brands.The Parties InvolvedThe Rice and Lissette families have maintained control of Utz across multiple generations. Following the transaction’s completion, they will retain a 50% ownership stake alongside Intersnack.Dylan Lissette is slated to assume the role of Executive Chair of Utz after finalization. Family members and affiliated entities have already pledged approximately 42% of the company’s voting shares in support of the transaction.Intersnack represents a significant force in global snacking. Established in Germany in 1968, the company currently maintains operations across 31 nations with a workforce of roughly 14,500 and generated approximately $5 billion in revenue during 2025.This acquisition marks Intersnack’s initial entry into the American snack food sector. Executive Chairman Johan van Winkel described it as an opportunity to establish operations in a market where the company previously had no presence.Financing StructureIntersnack intends to finance the acquisition using approximately $920 million in available cash reserves. Additional funding will come from a newly arranged $1.1 billion term loan facility and a $250 million asset-based credit line.The founding Rice and Lissette families will maintain partial equity ownership by rolling over a portion of their holdings into the privatized entity. This arrangement ensures the founding families retain financial interests aligned with Utz’s ongoing performance.Both Utz’s full board and a special committee composed of independent directors have unanimously endorsed the transaction. Final approval from shareholders and relevant regulatory bodies remains outstanding before completion.The deal is projected to reach completion during the fourth quarter of 2026. Upon closing, Utz’s publicly traded shares will be delisted from the New York Stock Exchange.The company has also announced it will not conduct its scheduled second-quarter earnings conference call. This decision stems directly from the ongoing buyout process.Utz produces snack foods under multiple brand names including Utz, On The Border Chips & Dips, Zapp’s, and Boulder Canyon. Headquartered in Hanover, Pennsylvania, the company maintains nationwide distribution through grocery stores, mass retailers, and convenience store channels.The post Utz Brands (UTZ) Stock Skyrockets 89% on $2.9B Intersnack Acquisition appeared first on Blockonomi.