Utz Brands subsidiaries Utz Quality Foods, LLC and Heron Holding Corporation have completed the acquisition of Truco Enterprises for a total purchase price of $480 million, subject to a customary post-closing purchase price adjustment. The acquisition includes the ON THE BORDER trademarks in the manufacture, sale, and distribution of snack food products in the U.S. and certain other international markets.
Utz Brands Acquires ON THE BORDER Tortilla Chips
The transaction strengthens the Utz’s national footprint and moves the company into the #3 position in the retail sales tortilla chip sub-category.
Dec 16th, 2020
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