Family-owned food groups step up U.S. snack acquisitions as valuations soften
A wave of acquisitions by family-owned food companies is reshaping the U.S. snack sector as buyers, many from abroad, move to buy public brands seen as undervalued after market selloffs. Recent deals include Utz’s near $3 billion take-private by Germany’s Intersnack with Utz’s founding families, Ferrero’s purchases of WK Kellogg and Power Crunch, a…