Utz Goes Private Again | Philadelphia News

Philadelphia News Today | 2 Min News | The Daily News Now! · Jul 22, 2026 · 1m

Utz, the iconic Pennsylvania potato chip maker, is going private again in a $2.9 billion deal with German snack giant Intersnack Group — just six years after its IPO. The founding Rice and Lissette families will retain 50% ownership, while Intersnack grabs the other half, bringing global expertise to boost Utz’s brands. The company will be delisted from the NYSE, ending public earnings reports — a full-circle moment for the family-owned snack legend, joining Herr’s in private ownership. Shareholders will receive $14.25 cash per share, funded by Intersnack’s cash, financing, and family…