J & J Snack Foods Corp. announced today the acquisition of Labriola Baking Company; a premium bakery of breads and artisan soft pretzels, located just outside Chicago in Alsip, IL.
Labriola Baking began in 1993, as a local delivery bakery in the Chicago suburbs, and has grown into a provider of superior prebaked breads, rolls and soft pretzels for retail in-store bakery and foodservice outlets, nationwide.
Jerry Law, J&J’s Senior Vice President, comments: “The Labriola Baking Company was built upon high quality, authentic products. We have been a longtime admirer of the company and we’re eager to have Labriola join our J&J Snack Foods family of brands and bakeries. We look forward to marrying Labriola’s quality product offerings with our current portfolio, thus providing additional opportunities for our customers and consumers.”
Source: J&J Snack Foods Corp.
Following completion, Utz will become a privately held company jointly owned by Intersnack and the Rice and Lissette family entities, with each holding a 50% stake. Utz’s shares will subsequently be delisted from the New York Stock Exchange.
The announcement follows Unilever’s confirmation in March that it had received an offer from McCormick. Later that month, the companies agreed a $44.8 billion transaction, which would create a combined business generating approximately $20 billion in annual revenue.
The partnership aims to improve regenerative practices across 40,000 US acres of soft red winter wheat. Farmers will receive technical assistance and financial incentives for practicing no-till and cover cropping. The partnership boosts each of the companies closer to stated 2030 regenerative and land-stewardship goals.
