Potato chip and snack food manufacturer Utz Quality Foods, Inc. will acquire Birmingham, Alabama-based Golden Enterprises, Inc. in a deal worth about $141 million.
“We believe that this is an excellent transaction for our stockholders, our customers and our employees," says Mark McCutcheon, CEO of Golden Enterprises, which manufacturers the region’s iconic Golden Flake brand. “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."