secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001739566-23-000140
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Utz Brands divests Bluffton plant, closes Carlisle St site, builds new DC
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- Pre-tax charge of ~$11M in FY2023 from Bluffton plant sale, mostly non-cash; no material future cash outflows.
- Carlisle Street plant (Hanover, PA) to cease Q1 2024; no job losses; volume absorbed by remaining network.
- Entered co-manufacturing deal with Super-Pufft for TGIF products; future shift to owned facilities.
- Signed built-to-suit lease for ~650,000 sq ft distribution center (Northeast Logistics Center) opening Q1 2025.
- Listing for sale Louisiana plant (idle after Hurricane Ida) and Alabama plant (closed June 2023).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000140/0001739566-23-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000140/utz-20230929.htm
  HTML page:      https://secwatch.observer/filing/0001739566-23-000140

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