QUICK LINKS: Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:    

Bookmark this site




Issue Date: Vol. 49, No.12, December 2009, Posted On: 11/24/2009


Snyder's And Utz Discontinue Merger


by Staff Reporter

HANOVER, PA -- Snyder's of Hanover Inc.'s plan to acquire Utz Quality Foods has fallen through. Utz chief Michael W. Rice said that satisfying the FTC's request for additional information after two filings on the proposed merger failed to gain its approval would put a strain on the company.

Snyder's announced the deal to buy Utz on Oct. 22. "Although we recently announced our intended merger with Utz Quality Foods, it was contingent upon Federal Trade Commission clearance," noted Carl E. Lee, Jr., president and chief executive of Snyder's of Hanover. "While the decision was unexpected, it's best that Snyder's move on to other opportunities that are available to our company."

Family-owned Snyder's manufactures a wide range of pretzels that are a staple in vending machines nationwide. It also owns the Jays Potato Chips and O-Ke- Doke popcorn brands. The chip maker employs 2,250 associates and operates 1,800 distribution routes nationwide, with annual revenues of $750 million.

Utz produces snack chips in four Hanover, PA-based manufacturing facilities, employs more than 2,200 workers and reports annual sales in excess of $400 million.


Topic: Vending Features

Articles:
  • Crane Co. Declares Third-Quarter Dividend, Announces 10% Dividend Increase
  • Crane Co. 2014 Q2 Results: EPS Rises 7%; Payments And Vending Segment Posts $184.6 Million In Sales
  • Nascar Hall Of Famer Dale Jarrett Headlines August's SEVA Convention
  • Vermont's Green Mountain College Bans Bottled Water
  • Nail Polish Vending Machines Pop Up At Airports And Malls

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570