Insignia Capital Group has agreed to sell Truco Enterprises, a maker of tortilla chips, salsa, and queso sold under the On The Border (OTB) brand, to Utz Brands, a US snack food company, for $480 million. The California-based private equity firm invested in Truco Enterprises about six years ago and is said to have helped […]
Utz Quality Foods, a Pennsylvania-based salty snacks manufacturer has agreed to be acquired by Collier Creek, a special purpose acquisition company, to combine and form Utz Brands, a pure-play snack food platform with an initial enterprise value of about $1.56 billion. Established in 1921, Utz Quality Foods owns brands such as Utz, Zapp’s, Golden Flake, […]