Snyder's of Hanover looking to acquire Utz

HANOVER, Pa. Snyder's of Hanover, which produces pretzels under it Snyder's of Hanover brand and owns Krunchers! Kettle Chips, O-KE-DOKE popcorn and Jays Potato Chips, is looking to expand its portfolio by acquiring Utz Quality Foods.

Terms of the deal were not disclosed. The acquisition is subject to review and clearance by the Federal Trade Commission and the parties expect to close the deal as soon as possible following FTC clearance. 

Utz Quality Foods is known for its line of potato chips and also produces a natural line of potato chips, pretzels, tortilla chips, multi-grain sunflower chips, cheese curls and popcorn. It produces its snack foods in its four Hanover-based manufacturing facilities and employs more than 2,200 workers. Its brands are distributed primarily throughout the East Coast.

Snyder's of Hanover has stated that it plans to continue to operate the four Utz plants, plus the Snyder's of Hanover plant, and no job losses are expected. 

In addition, Mike Rice, Utz chairman and CEO, will serve as a director on the Snyder's of Hanover board.