Brief: Utz Brands Announced Several Network Optimization Initiatives That Are Expected To Support Long-Term Volume Growth And Reduce Costs

Utz Brands

29/09/2023 14:39

Sept 29 (Reuters) - UTZ Brands Inc  UTZ.N :
    * UTZ BRANDS INC - ANNOUNCED SEVERAL NETWORK OPTIMIZATION
INITIATIVES THAT ARE EXPECTED TO SUPPORT LONG-TERM VOLUME GROWTH
AND REDUCE COSTS
    * UTZ BRANDS INC-  BLUFFTON PLANT WAS SOLD TO SUPER-PUFFT
SNACKS
USA, INC. AND ITS AFFILIATED ENTITIES
    * UTZ BRANDS INC - ANNOUNCED THAT COMPANY'S LOWEST-VOLUME
MANUFACTURING PLANT IN HANOVER, PENNSYLVANIA WILL CEASE
OPERATIONS IN Q1 OF 2024
    * UTZ BRANDS INC- EXPECTS TO STOP PRODUCTION AT CARLISLE
STREET
PLANT IN Q1 OF 2024
    * UTZ BRANDS INC- NO JOB LOSS WILL OCCUR DUE TO CARLISLE
PLANT
CLOSURE
    * UTZ BRANDS INC -  DECIDED TO LIST FOR SALE ITS LOUISIANA
MANUFACTURING PLANT AND ITS ALABAMA PLANT
    * UTZ BRANDS INC- COMPANY DOES NOT EXPECT MATERIAL FUTURE
CASH OR
CAPITAL EXPENDITURES IN CONNECTION WITH NETWORK OPTIMINZATION
INITIATIVES
    * UTZ BRANDS- NEW CO-MANUFACTURING RELATIONSHIP WITH
SUPER-PUFFT,
UNDER WHICH SUPER-PUFFT WILL MANUFACTURE CERTAIN TGIF PRODUCTS
UNDER FAVORABLE TERMS

Source text for Eikon:  ID:nBw3tX0jwa 
Further company coverage:  UTZ.N 

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