---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-052278"
form_type: "8-K"
ticker: "UTZ"
cik: "0001739566"
company_name: "Utz Brands, Inc."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:32:32.388041+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-052278
- form_type: 8-K
- ticker: UTZ
- cik: 0001739566
- company_name: Utz Brands, Inc.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1739566/000110465922052278/0001104659-22-052278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1739566/000110465922052278/tm2213843d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-052278
- JSON: https://secwatch.observer/filing/0001104659-22-052278.json
- Plain text: https://secwatch.observer/filing/0001104659-22-052278.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.