Utz Completes Acquisition of Golden Enterprises

Utz Quality Foods, LLC, the U.S.’s largest privately held snack food company, has announced the completion of the acquisition of Golden Enterprises, Inc.

“This merger will allow the Golden Flake brand to continue to grow in our core southeastern markets, while expanding the product selections for our consumers. Utz is a very community oriented company, and we look forward to the future that Utz and Golden Flake will create together,” said Mark McCutcheon, Chief Executive Officer, Golden Enterprises, Inc.

Both management teams recognize the value of the “plus one strength” gained from the synergies of each company. The Golden Flake product portfolio and production capabilities will complement the Utz portfolio, which includes: Utz, Zapps Potato Chips, “Dirty” Potato Chips, Bachman, Jax, Wachusett, Snikiddy and Good Health brands. Golden Flake will operate as a wholly owned subsidiary under the leadership of its current management team and continue to be an important part of Birmingham as “The South’s Original Potato Chip!”

“We are excited about the opportunity to partner with Golden Flake,” said Dylan Lissette, Chief Executive Officer, Utz Quality Foods. “The two companies are very similar both in mission and values, and each has a team of dedicated associates. Golden Flake’s product line, market coverage, and manufacturing facilities blend well with Utz’s desire to expand and grow our markets in the south.”