{"schema_version":"secwatch.filing_event.v1","accession":"0001739566-24-000010","form_type":"8-K","ticker":"UTZ","cik":"0001739566","company_name":"Utz Brands, Inc.","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.357378+00:00","generated_at":"2026-06-06T13:49:30.726611+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Utz sells Good Health, R.W. Garcia brands & 3 plants for $182.5M; narrows FY2023 Adj. EBITDA growth to 9.5-10%","bullets":["Total cash consideration $182.5M; after-tax net proceeds ~$150M to reduce long-term debt.","Deleveraging target of ~3.0x Net Leverage accelerated by one year, to end of FY2025.","Interest expense reduction of ~$12M in FY2024 from debt paydown; transaction accretive to Adjusted EPS.","Preliminary FY2023 net sales growth 2.0-2.2%; Q4 net sales $350-354M, down 1.3% to 0.2% YoY.","Adj. EBITDA growth outlook narrowed to 9.5-10.0% from prior 8-11%; expects close Feb 5, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001739566-24-000010","json":"https://secwatch.observer/filing/0001739566-24-000010.json","markdown":"https://secwatch.observer/filing/0001739566-24-000010.md","text":"https://secwatch.observer/filing/0001739566-24-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000010/0001739566-24-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000010/utz-20240131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T13:49:30.726611+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8c2383bc247250f2cc1b151ae94d432a4879f4a8","claim":"Utz Brands, Inc. reported fiscal year ended December 31, 2023 results: revenue total net sales growth in a range of 2.0% to 2.2%. Guidance lowered.","evidence_excerpt":"be more consistent with retail sales growth. For the fiscal-year 2023, based on preliminary financial information, the Company estimates 2023 total net sales growth in a range of 2.0% to 2.2%, and is narrowing its fiscal-year 2023 Adjusted EBITDA outlook range to growth of 9.5% to 10.0% versus the prior expectation of growth of 8% to 11%. These preliminary","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000010/0001739566-24-000010-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Revenue","value":"total net sales growth in a range of 2.0% to 2.2%"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"1a70cbbe9f65e7663ee8b4ea409a120281a5dc8b","claim":"Utz Brands, Inc. entered into Purchase Agreement with Healthy Snacks Holdco LLC, North Carolina Tortilla Manufacturing LLC, Pennsylvania Tortilla Manufacturing LLC, and Best Snacks, LLC valued at $182.5 million (effective 2024-01-31).","evidence_excerpt":"On January 31, 2024, Utz Brands, Inc., a Delaware corporation (the “Company”), through its indirect subsidiaries Utz Quality Foods, LLC, a Delaware limited liability company (“UQF”), R.W. Garcia Holdings, LLC, a Delaware limited liability company (“R.W. Garcia Holdings”), GH Pop Holdings LLC, a Pennsylvania limited liability company (“GH Pop Holdings”) and Condor Snack Foods, LLC, a Delaware limited liability company (“Condor Snack Foods” and together with UQF, GH Pop Holdings and R.W. Garcia Holdings, each a “Seller” and collectively the “Sellers”), entered into a Purchase Agreement (the “Purchase Agreement”) with Healthy Snacks Holdco LLC, a Delaware limited liability company (the “Equity Buyer”), North Carolina Tortilla Manufacturing LLC , a Delaware limited liability company (the “NC Real Estate Buyer”), Pennsylvania Tortilla Manufacturing LLC, a Delaware limited liability company (the “PA Real Estate Buyer,” together with the NC Real Estate Buyer and the Equity Buyer, each a “Buye","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000010/0001739566-24-000010-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Healthy Snacks Holdco LLC, North Carolina Tortilla Manufacturing LLC, Pennsylvania Tortilla Manufacturing LLC, and Best Snacks, LLC"},{"label":"Value","value":"$182.5 million"},{"label":"Effective","value":"2024-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}