PHILADELPHIA, July 22, 2026 – Cozen O’Connor advised the Rice and Lissette Family Entities, descendants of Utz’s founding family, in connection with the definitive agreement of Utz Brands, Inc. (NYSE: UTZ) (Utz), a leading U.S. manufacturer of branded salty snacks, and Intersnack Group GmbH & Co. KG (Intersnack Group), a family-founded, privately owned, multinational snack company, pursuant to which Intersnack will acquire all outstanding shares of Class A Common Stock of Utz for $14.25 per share in cash. The transaction, which will take Utz private, estimates the company at an enterprise value of $2.9 billion and reflects a premium of approximately 91% over Utz’s closing stock price on July 20, 2026. Upon closing, the Rice and Lissette Family Entities and Intersnack Group will each own 50% of Utz.

The transaction is expected to close in the fourth quarter of 2026, subject to the satisfaction of certain closing conditions. The Cozen O’Connor team is led by Larry P. Laubach and includes Seth Popick, Richard J. Silpe, Eileen T. Salimbene, Gregory P. Cunningham, Jonathan M. Grossman, Benjamin A. Bomrind, Rikisha Collins, Paul D. Hallgren, and John E. Ludlum.

Cozen O’Connor’s Corporate Practice provides sophisticated counsel to a diverse set of businesses and entrepreneurs ranging from Fortune 500 and other multinational companies to mid-cap companies. The firm’s corporate attorneys assist clients from a wide range of industries in issues related to corporate governance, mergers and acquisitions, securities, tax, finance, and health law.

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Established in 1970, Cozen O’Connor has more than 1,000 attorneys who help clients manage risk and make better business decisions. The firm counsels clients on their most sophisticated legal matters in all areas of the law, including litigation, corporate, and regulatory law. Representing a broad array of leading global corporations and middle market companies, Cozen O’Connor serves its clients’ needs through 35 offices across two continents.