With Utz Going Public, Herr’s to Become Largest Privately Held Snack Company in Nation
With Utz Quality Foods preparing to go public, Nottingham-based Herr Foods is poised to become the nation’s largest privately held and family-owned snack company, writes Harold Brubaker for The Philadelphia Inquirer.
Hanover-based Utz, which recorded $768 million in revenue last year, is set to become a publicly traded company. This will be achieved through an upcoming merger that values the snack-food giant at more than $1 billion.
Last year, Utz ranked fourth and Herr’s was 10th in the nation among snack companies, according to data presented by Utz and Collier Creek Holdings, the company that is acquiring it. Herr’s and Utz were the only two privately held companies to rank among the Top 10.
Once the acquisition is completed in the fall, it will leave Herr’s, which has been making snacks since 1946, as the only privately held and family-owned snack company in the Top 10.
Read more about Herr Foods becoming the nation’s largest privately held and family-owned snack company in The Philadelphia Inquirer.
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Editor’s Note: This post first appeared on VISTA Today in June 2020.
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