08 Jun 2020 --- Utz Quality Foods, a US-based manufacturer of branded savory snacks, has entered a definitive agreement with investment company Collier Creek Holdings to merge and form Utz Brands, a publicly listed company. Utz Brands will be positioned as a pure play snack food platform in the US. This merger will introduce Utz as a public company with an anticipated initial enterprise value of approximately US$1.56 billion, or 11.6 times its estimated 2021 Pro Forma Adjusted EBITDA of US$134 million.
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