Mondelēz International attributed the performance to strong execution across its global operations, continued brand investment, and disciplined cost management.
The all-cash deal will take Utz private and marks Intersnack’s first major expansion into the United States, strengthening its position in the global savory snacks market.
The appointment comes as Eshbal continues to strengthen its position in the rapidly growing better-for-you food market through product innovation, acquisitions, and expanded commercial operations.
The latest addition joins the company’s growing lineup at Costco, targeting shoppers seeking convenient breakfast options made with recognizable ingredients instead of the preservatives and additives commonly associated with traditional drive-thru meals.
The strategic purchase will accelerate the company’s expansion across the Southeast and will bring Biscuit Belly to over 60 units by the end of 2028.