Snyder, Utz To Merge
HANOVER, Pa. (AP) – A central Pennsylvania snack food company says it plans to buy its nearby competitor, pending regulatory approval.
Snyder’s of Hanover announced that it intends to acquire Utz Quality Foods. Both make pretzels, potato chips and other salty snacks. Both companies are privately held, and the value of the deal was not disclosed.
Snyder’s president Carl Lee Jr. says the company plans to continue operations in all four of the Utz plants in Hanover, plus the Snyder’s of Hanover plant. He says no job losses are anticipated.
Chairman Mike Rice says they’ll playing on the strengths of both companies as they move forward.