NEW YORK – Utz Brands, Inc., Hanover, Pa., has been on a bit of a buying spree the past 24 months. The strategy behind the acquisitions has been to put infrastructure in place to penetrate and grow in new markets throughout the country.
“We’ve done a lot of work over the last 12 to 24 months to kind of build the infrastructure to really be more national,” said Dylan B. Lissette, chief executive officer, May 17 during a presentation at the Goldman Sachs Global Consumer Conference. “And what I mean by that is we can expand all the way through the Southeast, the Mid-South, Texas, the Midwest, which is really where the population is.”
Examples of such acquisitions include the May 2022 purchase of a snack food manufacturing plant in Kings Mountain, NC, from Evans Food Group Ltd. In January, the company acquired Clem Snacks, Inc. and J&D Snacks, Inc., two direct-store delivery distributors of Utz’s products in the New York…
