Hanover PA…The merger between Snyder's of Hanover and Utz Quality Foods is off. After receiving word late last week that the first and second filing had not been cleared by the Federal Trade Commission (FTC), Utz decided to withdraw from what would likely have been a protracted approval process. The merger of the two companies that are certified by the Orthodox Union (OU) would have created a mega kosher snack company. Sources say that both companies pay close attention to their kosher business and allow many kosher consumers to buy their snack foods all over the country. The brands are sold in supermarkets, convenience stores, and gas stations throughout the country. Many of the products are OU-D, which are not eaten by consumers who eat Cholov Yisrael. Snyder's of Hanover is a family owned company that employs 2,250 associates and operates 1,800 distribution routes nationwide. Snyder's of Hanover is headquartered in Hanover, PA, with annual revenues of $750 million. Utz Quality Foods produces a full line of snacks in its four Hanover, PA-based manufacturing facilities, employs more than 2,200 workers, and has annual sales in excess of $400 million.
November 16, 2009