Acquiring Company
Utz Brands
Acquired Company
Clem Snacks
HanoverOtherFood and BeverageAgriculture and FarmingFood And BeverageHospitalityRetailFood ProcessingDescription
Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries have entered into a definitive agreement to acquire the assets of two existing third party direct store delivery (“DSD”) distributors of Utz’s products, Clem Snacks, Inc. (“Clem”, a subsidiary of Clem Companies) and J&D Snacks, Inc. (“J&D”). Founded in 1955, Clem is a family-owned and operated distributor based in Brooklyn, New York with approximately one hundred DSD routes in New York City and Long Island. J&D has been serving the Bronx, New York since 1996 with approximately twenty five DSD routes.
Fundz sees it the moment Utz Brands makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Frequently asked
Who acquired Clem Snacks?
Clem Snacks was acquired by Utz Brands, based in Hanover. The deal was reported on January 24, 2022. Utz Brands, Inc. Utz Brands is publicly traded (UTZ) and operates in Other.
When did Utz Brands acquire Clem Snacks?
Utz Brands's acquisition of Clem Snacks was reported on January 24, 2022. Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Clem Snacks do?
Clem Snacks is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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