Episode Details

Utz, the beloved chip maker, is going private in a blockbuster deal that could reshape the U.S. snack game. The Rice and Lissete Family will retain 50% ownership, while Intersnack, a major global snack giant, takes the other half for $14.25 per share — a 91% jump from recent trading. Backed by $920 million in cash and new loans totaling $1.35 billion, the deal, approved unanimously by Utz’s board and special committee, is set to close by Q4 2026. Once private, Utz will vanish from the NYSE — but this isn’t just a sale; it’s Intersnack’s strategic leap into America’s snack market, blending global scale with Utz’s iconic brand and team to build something even bigger.

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