Utz Quality Foods, a subsidiary of Hanover-based Utz Brands, recently acquired a 125,000-square-foot snack food manufacturing facility in Kings Mountain, N.C., for roughly USD38.4m from Evans Food Group Ltd. d/b/a Benestar Brands, a Chicago-based holding company for snack products brands.
The transaction comprises the building, which can be expanded to 200,000-square-feet, and land and some snack production equipment, according to Pennsylvania Business Report.
Based on the investor’s declarations, purchasing a facility is faster and more cost-effective than renovating an existing facility or constructing a new building from scratch.
The facility will support the growing demand for Utz brands in the Southeast, Northeast, and Mid-South. The equipment will allow the company to enable multiline production of Utz’s key sub-categories.
“With continued growth and excitement for our snack food brands, we are very excited to expand our roots in North Carolina, where we will be adding over 115 new jobs over time. This is a strong step forward in optimizing our plant and logistics network, and it will allow us to in-source manufacturing across several product types that we currently outsource to some degree,” Cary Devore, Utz Brands COO, said.
Besides other types of snacks, Utz produces also potato chips.
