Utz Brands to draw on revolver for R.W. Garcia purchase

By Sara Rosenberg

New York, Nov. 2 – Utz Brands Inc. plans to use borrowings under its revolving credit facility and balance sheet cash to fund the acquisition of R.W. Garcia Holdings LLC for $56 million, according to a news release.

Closing is expected this quarter.

Utz is a Hanover, Pa.-based manufacturer of branded salty snacks. R.W. Garcia is a manufacturer of tortilla chips, crackers and corn chips.

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