Snacks producer Utz Brands Inc. (NYSE: UTZ) is buying tortilla chips maker On the Border from Insignia Capital Group for $480 million to expand its presence in the snacks category. The acquisition gives Utz a new growth channel and expands geographically in snacks, while it gives On the Border the opportunity to expand in more convenience and grocery stores. Mergers & Acquisitions spoke with Utz CEO Dylan Lissette about the industry trends and the company’s acquisition strategy.
How did Utz close the deal for On the Border in the midst of the pandemic?
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