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.
Royal FrieslandCampina has announced plans to reorganise its business structure from January 2027, combining its European retail activities and reshaping its international operations in a move designed to strengthen customer service, improve agility and enhance category management.
Capri Sun Group has broken ground on a new production plant in Stargard, Poland, with the first phase of construction set to be completed by the end of 2027. The factory, established as part of the company’s strategy to expand manufacturing capacity and grow across Europe, has been supported by an investment of more than €70 million.
