Hanover, PA-based Utz Quality Foods completed its acquisition of Inventure Foods in a deal valued at $165 million. The deal was an all-cash transaction of Inventure's outstanding shares at $4 per share. 

Inventure Foods, which has facilities in Arizona and Indiana, manufactures and sells salted snacks under the brands Boulder Canyon®, TGI Fridays™, Nathan's Famous®, Vidalia Brands®, Poore Brothers®, Tato Skins® and Bob's Texas Style®. Utz is the largest privately held and family-managed branded salty snack company in the United States.

Larry Laubach, chair of Cozen O'Connor's Corporate Practice Group, assisted Utz in the transaction.

To read the official press release, click here.