Utz Brands to draw on revolver for Clem and J&D acquisitions

By Sara Rosenberg

New York, Jan. 24 – Utz Brands Inc. plans to use borrowings under its revolving credit facility and balance sheet cash to fund its purchase of Clem Snacks Inc. and J&D Snacks Inc., according to a news release.

Closing is expected this quarter.

Utz is a Hanover, Pa.-based manufacturer of savory snacks. Clem and J&D are third party direct store delivery distributors of Utz’s products.

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