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.
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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