Utz Quality Foods, LLC manufactures and supplies snack foods. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Collier Creek has filed a registration statement with the SEC which includes a preliminary proxy statement and preliminary prospectus of Collier Creek in connection with the proposed business combination and, after the registration statement is declared effective, will mail a definitive proxy statement/prospectus and other relevant documents to its shareholders. Other companies, including those in the snack industry, may calculate these non-GAAP financial measures differently from how they are calculated and used herein, reducing their overall usefulness. Collier Creek's and Utz's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. This press release does not contain all the information that should be considered concerning the business combination. Such shareholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC's website at http://www.sec.gov, or by directing a request to: Collier Creek Holdings, 200 Park Avenue, 58th Floor, New York, NY 10166, attention: Bradford Williams ([email protected]). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. After submitting your request, you will receive an activation email to the requested email address. Collier Creek cautions that the foregoing list of factors is not exclusive.
The Company provides potato chips, pretzels, snacks and assortments, gift boxes and tins, and chocolate products. You must click the activation link in order to complete your subscription. Collier Creek is also not updating its 2021 projections for Utz, despite higher projected 2020 Pro Forma Net Sales than originally forecasted. Mr. Deromedi is the former Chairman of Pinnacle Foods and the former Chief Executive Officer of Kraft Foods. Based in Hanover, Pennsylvania, Utz operates fourteen manufacturing facilities located in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Massachusetts and Washington, and distributes its products through over 1,600 Direct Store Delivery (DSD) routes and direct to customer warehouses.
2021 full year guidance is expected to be provided with Utz Brands, Inc.'s fourth quarter 2020 earnings release in March 2021. A short investor presentation providing more detail related to Utz's second quarter 2020 results will be included in a current report on Form 8-K to be filed by Collier Creek with the U.S. Securities and Exchange Commission ("SEC"). Most of these factors are outside Collier Creek's and Utz's control and are difficult to predict. If you experience any issues with this process, please contact us for further assistance. Founded in 1921, Utz is the largest family-owned salty snack company in the U.S., producing a full line of potato chips, pretzels, cheese snacks, veggie snacks, pork skins, pub / party mixes, and other snacks.
The Company's iconic brands, which include Utz®, Zapp's®, Golden Flake®, Good Health®, Boulder Canyon®, Hawaiian Brand®, Dirty®, Bachman®, Jax®, Wachusett®, Snikiddy®, Kitchen Cooked®, Snyder of Berlin®, and Tim's Cascade®, among others, are distributed nationally through grocery stores, mass merchants, club stores, convenience stores, dollar/value stores, drug stores, gasoline stations, and other food retailers. At Utz Quality Foods, we promise to treat your data with respect and will not share your information with any third party. At Utz Quality Foods, we promise to treat your data with respect and will not share your information with any third party. Utz Quality Foods's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. Summary Financials Technology Signals & News Funding Utz Quality Foods has acquired 2 organizations. The Company reported second quarter 2020 Further Adjusted EBITDA of $33 million, a 15% increase over the prior year period of $29 million. Collier Creek's Class A common shares, units, and warrants trade on the NYSE under the symbols CCH, CCH.U, and CCH WS, respectively. Collier Creek was co-founded by Roger K. Deromedi, Chinh E. Chu, and Jason K Giordano, who bring over 80 years of combined investing and operating experience, with a focus on the consumer goods sector. You can sign up for additional alert options at any time. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. These forward-looking statements include, without limitation, Collier Creek's and Utz's expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction of the closing conditions to the business combination and the timing of the completion of the business combination. Collier Creek does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as otherwise required by law. It is not possible to predict or identify all such risks. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Utz Quality Foods, LLC ("Utz" or the "Company"), a leading U.S. manufacturer of branded salty snacks, today announced second quarter 2020 Pro … You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section At Utz Quality Foods, we promise to treat your data with respect and will not share your information with any third party. Collier Creek is not updating its previously provided 2020 Further Adjusted EBITDA projection of $124 million for Utz, which now reflects incremental marketing and brand building investments that Utz intends to make to retain the new households eating Utz products that were generated during COVID-19 and to accelerate future growth. It is not intended to provide the basis for any investment decision or any other decision in respect to the proposed business combination. By providing your email address below, you are providing consent to Utz Quality Foods to send you the requested Investor Email Alert updates.
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. As previously announced, Utz and Collier Creek have entered into a definitive agreement for a business combination that will introduce Utz Brands, Inc. as a NYSE-listed public company under the ticker symbol "UTZ.". Collier Creek now expects 2020 Pro Forma Net Sales of $932 million for Utz, an 8% increase over the prior year of $866 million.
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the business combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. This press release uses certain non-GAAP financial measures such as Pro Forma Net Sales and Further Adjusted EBITDA. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. See Collier Creek's investor presentation furnished on a current report on Form 8-K filed with the SEC on June 5, 2020 for a reconciliation of such non-GAAP financial measures to the most comparable GAAP measure. For information about Utz and its products, please visit www.utzsnacks.com or call 1-800-FOR-SNAX. Collier Creek Holdings ("Collier Creek") (NYSE: CCH, CCH.U, CCH WS), a special purpose acquisition company, also provided an update on Utz's 2020 projections. Their most recent acquisition was Inventure Foods on Oct 26, 2017. Additional Information about the Business Combination and Where to Find It.
You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section This press release also includes certain projections of non-GAAP financial measures. HANOVER, Pa., July 29, 2020 /PRNewswire/ -- Utz Quality Foods, LLC ("Utz" or the "Company"), a leading U.S. manufacturer of branded salty snacks, today announced second quarter 2020 Pro Forma Net Sales and profit results. Katie TurnerICR646-277-1228[email protected], Collier Creek:Jonathan Keehner / Tim Ragones / Kate ThompsonJoele Frank, Wilkinson Brimmer Katcher212-355-4449, Utz:Cory ZiskindICR646-277-1232[email protected], Cision Distribution 888-776-0942 These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that Collier Creek considers immaterial or which are unknown. By providing your email address below, you are providing consent to Utz Quality Foods to send you the requested Investor Email Alert updates. Utz Brands provides a wide variety of chips, pretzels, & snacks for your whole family to enjoy. These non-GAAP financial measures should not be construed as alternatives to net income or net sales measured in accordance with accounting principles generally accepted in the U.S. ("GAAP") as indicators of operating performance or as alternatives to cash flow provided by operating activities as a measure of liquidity (each as determined in accordance with GAAP). "These results demonstrate Utz's ability to generate sustained business momentum in the salty snacks industry, and we believe we are well positioned for continued growth in 2020 and beyond. Find out why we have been a favorite for generations! Collier Creek's shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus, any amendments thereto, and the definitive proxy statement/prospectus in connection with Collier Creek's solicitation of proxies for the special meeting to be held to approve the business combination, as these materials will contain important information about Utz and Collier Creek and the proposed business combination.
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