UTZ - Snack Giant Utz Brands Simplifies Plant Network To Reduce Costs | Benzinga
The U.S. manufacturer of branded salty snacks, Utz Brands Inc (NYSE: UTZ), disclosed several network optimization initiatives to drive long-term volume growth and curtail costs.
The company plans to simplify the existing plant network and streamline its operating structure by consolidating facilities.
UTZ expects to enhance its relationship with a key co-manufacturing partner to support network optimization, create incremental capacity in the warehousing network, boost customer service, and monetize non-core assets.
To achieve these targets, UTZ ...