Snacks Brands - The Shelby Report
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Utz To Go Private In $2.9B Deal With Germany’s Intersnack

Utz Brands will be taken private in a deal valuing the salty snack maker at approximately $2.9 billion, with Germany’s Intersnack Group acquiring all outstanding Class A common stock for $14.25 per share in cash. The price represents a premium of roughly 91 percent over the July 20 closing price. When the transaction closes, expected […]

Posted inSnacks Brands, Executive News, Midwest, News

Snack & Nut Company JBSS Announces Succession Plan

Jasper B. Sanfilippo Jr., currently president and COO of John B. Sanfilippo & Son Inc., will become CEO effective Oct. 1. He succeeds Chairman and CEO Jeffrey T. Sanfilippo, who will transition to executive chairman. Frank S. Pellegrino, currently EVP and CFO, has been promoted to president and CFO, also effective Oct. 1. Elgin, Illinois-based […]