Inventure's specialty snack food products and brands, as well as its geographic footprint, customer relationships and distribution strengths, are highly complementary to Utz' business.
"This transaction is the result of diligent analysis and thoughtful strategic deliberations by our board of directors and the result of the strategic and financial review we initiated in July 2016," says Terry McDaniel, chief executive officer of Inventure Foods. "Our board, with the advice of independent advisors, determined that this transaction will deliver immediate and certain cash value to our stockholders and new opportunities for our snack brands."