Utz Brands Announces Investment to Expand Florida DSD Capabilities | Financial Buzz

Utz Brands Announces Investment to Expand Florida DSD Capabilities

Utz Brands, Inc. (“Utz” or the “Company”) is pleased to announce the purchase of certain distribution rights in the Central Florida region from an existing third party direct store delivery (“DSD”) distributor, National Food Corp. This acquisition of 21 DSD routes provides Utz with an opportunity to accelerate the Company’s share of the Salty Snack category across Central Florida, including Orlando, Tampa and Sarasota.

As a large and vibrant market, Florida ranks as the third largest state for Salty Snack sales. In 2020, retail sales of Salty Snacks in Florida were $1.8 billion, increasing +7.7% over the prior year. Florida’s large consumer base combined with strong awareness of Utz’s portfolio of brands will uniquely position the Company to generate incremental sales as it develops a world-class DSD distribution system throughout the state. Utz has a growing presence in the Florida region with 2020 retail sales of $48 million that increased +16.6%, according to IRI. This represents only 2.6% of the Florida retail market, well under Utz’s national share average of 4.8%1.

Over the past decade, Utz has been collaborating with Florida retailers to expand its presence and increase distribution, and this has successfully resulted in accelerated sales growth of Utz’s Power Brands which include Utz®, Zapp’s®, ON THE BORDER® Chips & Dips, and others. With this acquisition, Utz will increase its investment in the Central Florida region and provide enhanced retailer support with increased distribution facilities and sales management, higher service velocity, and an expanded route distribution system.

“We are excited about this continued investment in the Central Florida region, as it offers a tremendous opportunity to accelerate our sales growth,“ said Steve Liantonio, Senior Vice President, National Sales Operations of Utz. “This strategic acquisition will expand our reach to customers and consumers, and better enables Utz to attract new buyers and introduce a steady flow of snacking innovation. The acquisition is consistent with our strategy of unlocking geographic white space opportunities, and we look forward to expanding our presence in the state of Florida.”

Utz’s brands can be found in leading retailers across the United States or available online at Utzsnacks.com. Join the conversation on Facebook, Instagram, and Twitter using @UtzSnacks, and tell us which is your favorite Utz brand snack food!

(1) IRI, MULO+C, 52 weeks ending December 27, 2020.

About Utz Brands, Inc.

Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands including Utz®, ON THE BORDER® Chips & Dips, Golden Flake®, Zapp’s®, Good Health®, Boulder Canyon®, Hawaiian® Brand, and TORTIYAHS!®, among others.

After a century with strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz’s products are distributed nationally through grocery, mass merchandisers, club, convenience, drug and other channels. Based in Hanover, Pennsylvania, Utz operates fourteen facilities located in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Washington, and Massachusetts. For more information, please visit www.utzsnacks.com or call 1-800-FOR-SNAX.

Forward-Looking Statements

Certain statements made herein are not historical facts but are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. The forward-looking statements generally are accompanied by or include, without limitation, statements such as “will”, “expect”, “intends”, “goal” or other similar words, phrases or expressions. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties and the Company’s business and actual results may differ materially.

Contacts

Utz Brands, Inc. Contact:

Investors

Kevin Powers

kpowers@utzsnacks.com

Media

Kevin Brick

kbrick@utzsnacks.com

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