HANOVER, Pa. (AP) — Privately held pretzel maker Snyder's of Hanover said Thursday it plans to buy Utz Quality Foods Inc., once it gets approval from the Federal Trade Commission, to combine the two Hanover, Pa., snack makers.
The terms of the deal were not disclosed. Snyder's CEO Carl Lee Jr. said the company does not expect to cut any jobs. He said the deal might actually create new jobs in sales and manufacturing as the combined company expands.
Utz, which is also privately held, makes potato chips, pretzels, tortilla chips, popcorn, pork rinds and other snacks.
Snyder's said it would keep running all four Utz plants in Hanover as well as a Snyder's plant there.
Utz CEO Mike Rice will become a director on the Snyder's board once the acquisition is complete.