Also announces redemption of public warrants to help fund the transaction.
December 22, 2020
Utz Brands, Inc.announced that effective December 14, its subsidiaries Utz Quality Foods, LLC (“UQF”) and Heron Holding Corporation have completed the acquisition of Truco Enterprises (“Truco”), a seller of tortilla chips, salsa and queso under the ON THE BORDER (“OTB”) brand.
Insignia Capital Group has announced that it has entered into a definitive agreement to sell Truco Enterprises ("Truco" or the "Company"), a leading maker of tortilla chips, salsa and queso sold under the On The Border ("OTB") brand, to Utz Brands (NYSE: UTZ), for a total purchase price of $480 million.
Truco Enterprises announced the official launch of the new On The Border Nacho Cheese and Zesty Ranch flavored tortilla chip products. The products are already available on shelves at several retailers.