Utz Brands completed the acquisition of RW Garcia for $56m.

Utz Brands, a manufacturer of branded salty snacks, completed the acquisition of RW Garcia, an artisan maker of high-quality organic tortilla chips, crackers, and corn chips, for $56m. "We expect this strategic acquisition will enable strong supply chain synergies, enhance our ability to expand distribution of our existing brands, and supplement our better-for-you product portfolio. RW Garcia has a great track record of better-for-you innovation and production capabilities, and with the RW Garcia brand as part of our portfolio, Utz’s retail sales in the better-for-you segment will exceed $100m on an annual basis following the closing. We believe this strategic combination will help accelerate the growth of Utz’s brands and expand margins over the long-term, and we look forward to continuing to serve RW Garcia’s existing customers," ,” said Dylan Lissette, Utz CEO.