Utz finalizes acquisition of Golden Enterprises

by Eric Schroeder
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Golden Flake snacks
The purchase adds Golden Flake potato chips, pork skins, popcorn and cheese puffs to Utz's portfolio.

BIRMINGHAM, ALA. — Utz Quality Foods, L.L.C. has completed its $146 million acquisition of Golden Enterprises, Inc. The transaction first was announced on July 19.

Mark McCutcheon, Golden Flake
Mark McCutcheon, c.e.o. of Golden Enterprises

“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,” said Mark McCutcheon, chief executive officer of Golden Enterprises, Inc. “Utz is a very community-oriented company, and we look forward to the future that Utz and Golden Flake will create together.”

Utz Quality Foods is a privately-held snack food company offering products under the Utz, Zapps, “Dirty,” Bachman, Wachusett, Snikiddy and Good Health brands. The acquisition of Golden Flake brings its product portfolio into the fold, including potato chips, pork skins, popcorn, cheese puffs and other snack foods. Golden Flake will operate as a separate subsidiary under the leadership of its current management.

Dylan Lissette, Utz
Dylan Lissette, c.e.o. of Utz
“We are excited about the opportunity to partner with Golden Flake,” said Dylan Lissette, c.e.o. of Utz Quality Foods. “The two companies are very similar both in mission and values, and each has a team of dedicated associates. Golden Flake’s product line, market coverage and manufacturing facilities blend well with Utz’s desire to expand and grow our markets in the south.” 
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