Utz Brands agrees to be taken private at $14.25/share; Q2 net loss of $16M

Utz Brands, Inc.

Intersnack Group to acquire all Class A common stock for $14.25/share cash; Rice and Lissette families to own 50% each post-close.
Transaction expected to close in Q4 2026; no further guidance or earnings call provided.
Q2 net sales up 1.4% to $371.8M; net loss of $16.0M vs net income of $10.1M a year ago.
Adjusted EBITDA rose 14.4% to $55.7M; adjusted EPS up 11.8% to $0.19.
Net leverage ratio improved 0.6x to 3.5x; adjusted free cash flow improved to $(0.7)M.

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