Investments, Acquisitions and Funding

The financing will support the company’s ambition to scale sustainable rice production while reducing greenhouse gas emissions from one of the world’s most important staple crops.

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 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.

The deal adds new production capacity and strengthens Starco’s position in powdered foods, baking mixes, nutritional products, and private label manufacturing.

The latest investment forms part of a national plan to reduce the impact of drought on cereal production and strengthen food supplies.