US: Utz completes purchase of Golden Flake parent

Pennsylvania-based Utz Quality Foods on Monday announced the closing on the deal to buy Golden Enterprises Inc., the parent company of the iconic Golden Flake brand. “This merger will allow the Golden Flake brand to continue to grow in our core Southeastern markets, while expanding the product selections for our consumers,” Golden Enterprises CEO Mark McCutcheon said in a statement. “Utz is a very community-oriented company, and we look forward to the future that Utz and Golden Flake will create together.” The deal was originally announced in July and will allow Golden Flake to operate as a wholly owned subsidiary under the leadership of its current management team. The Utz portfolio includes several legacy snack foods, including Zapps Potato Chips, “Dirty” Potato Chips, Bachman, Jax, Wachusett, Snikiddy and Good Health brands. (Source: bizjournals.com)