Pennsylvania snack food company Utz Quality Foods will be acquiring one of Alabama's largest public companies, which the Utz CEO said would allow both companies to grow.
Hanover-based Utz on Tuesday announced it would acquire Birmingham-based Golden Enterprises for $135 million, a deal expected to close in the fourth quarter.
Golden Enterprises Inc. — known for its Golden Flake potato chips and other snack products — is the No. 14 largest public company in Alabama, according to the Birmingham Business Journal. Utz, founded in 1921, is privately held.
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The acquisition will allow both companies to increase its market coverage. The southeastern markets, in particular, is where Utz will be able to grow.
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