Utz Quality Foods to Combine with Collier Creek Holdings

After nearly 100 years as a family-owned business, Utz Quality Foods, LLC has entered into a definitive agreement with Collier Creek Holdings to combine and form Utz Brands, Inc. Upon the closing of the transaction, it is expected Utz Brands, with an anticipated initial enterprise value of approximately $1.56 billion, will trade under the ticker symbol “UTZ” on the New York Stock Exchange. Collier Creek Co-founder Roger Deromedi will become chairman of Utz Brands. Dylan Lissette, Utz CEO since 2013, will continue to lead the business, along with the existing management team.