Utz Brands buys NC manufacturing facility for ~$39M; funds $28M via private placement to seller

Utz Brands, Inc.

Purchase price of ~$38.4M plus $1.3M liabilities; funded with $10.4M cash and $28M from sale of 2.1M shares to Benestar affiliates.
125,000 sqft facility in Kings Mountain, NC, expandable to 200,000 sqft; expected to add 115+ local jobs by 2027.
Benestar will supply pork pellets from Chicago operations; transaction expected to be accretive to earnings within 12-18 months.
Demand growth for Utz brands in Southeast (14.4%), Northeast (14.5%), and Mid-South (15.0%) for 26 weeks ended March 20, 2022.
Facility enables in-sourcing of manufacturing and should improve long-term margins through cost synergies.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.