Anderson purchase was made at a price/sales multiple under 1 and looks to generate EBITDA of $2M, another good purchase by UTZ. Surprisingly for a nearly ubiquitous pretzel company, this is their first entry into this market segment. This growth through acquisition continues with the purchase of peanut butter pretzel company H.K. Beginning well prior to the combination, Utz has made a string of accretive acquisitions and developed a broad portfolio from being a pretzel company. Utz Brands is not a heavily indebted company, but does use debt efficiently as part of their "capital stack". These two conditions specifically are easily accessed capital and pandemic-related snacking while we "stay safe at home".
#Utz pretzel rods full#
Additionally, Utz is performing well, continuing to execute a long-term strategy, and taking full advantage of optimal conditions in both the market and macro-economically. The founding family retains over a 50% stake in the combined entity. While some SPACs might be "Barbarians at the Gate 2.0" this doesn't seem to be the case here. While SPACs of all types are currently enjoying great market enthusiasm, this one made sense-Collier Creek Holdings leadership includes officers with industry experience and this is a synergistic combination. While the Utz brand is 99 years old, UTZ became publicly traded when it combined with SPAC Collier Creek Holdings this summer. It is one of the only "pure play" stocks, as many competitors are either large, multi-products companies, or snack companies with sweeter products and frozen beverages.
( NYSE: UTZ) is a leading salty snacks manufacturer with a broad portfolio.
0 kommentar(er)
