Vending

Our Home to acquire Utz Quality Foods brands

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February 1, 2024

Our Home, an operating company of Better-for-You brands that includes Real Food From the Ground Up, Popchips and Food Should Taste Good, has agreed to acquire certain assets and brands of Utz Quality Foods LLC, according to a press release.

Under the agreement, affiliates of Our Home have agreed to purchase the Good Health and R.W. Garcia brands, the Lincolnton, North Carolina and Lititz, Pennsylvania manufacturing facilities and assume the company's Las Vegas facility's lease and manufacturing operations.

Utz and Our Home will operate under a transition services agreement for 12 months.

The total consideration for the transactions is $182.5 million, subject to customary adjustments and the transactions are expected to close on Feb. 5, 2024.

The parties will operate under reciprocal co-manufacturing agreements under which Our Home will co-manufacture certain Utz products and Utz will co-manufacture certain Good Health products. Certain Good Health products will continue to be distributed and sold on the Utz DSD network for Our Home.

Our Home plans to continue to operate and grow the brands and manufacturing facilities under its platform while offering employment to Utz associates working in those facilities as part of the transition.