The maker of the On the Border brand of tortilla chips and other products is being bought by Utz Brands in a $480 million deal.
The maker of the On the Border brand of tortilla chips and other products is being bought by Utz Brands in a $480 million deal.
Truco Enterprises, which makes On the Border chips, salsa and queso dip, is being sold by Insignia Capital Group. The deal is expected to close in December, with Truco becoming a division of Utz.
Utz expects Truco Enterprises to generate approximately $195 million in net sales in fiscal 2020, an increase of 32% over last year.
“This strategic acquisition will make Utz a significant competitor in the tortilla chip sub-category, where [On The Border] holds the #3 position, and also provides us with a meaningful position in salsa, queso, and dips,” Utz CEO Dylan Lissette said in a statement.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...
