Good Health ®, Boulder Canyon ®, Hawaiian ® Brand, and Tortiyahs! The transaction also strengthens Utz’s national geographic footprint, with the majority of OTB’s sales in Expansion and Emerging geographies, and enhances the Company’s presence in the Mass and Club retail channels where OTB has a strong position. “ON THE BORDER® is now one of the fastest growing tortilla chip brands, and the fastest growing dip brand in the category. Utz’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. 1 Further, ON THE BORDER ® is a significant player in the growing $1.5 billion retail sales salsa sub-category, and is the #3 brand in the $107 million retail sales queso sub-category. We have historically reported an Adjusted EBITDA metric to investors and banks for covenant compliance. Use the Copy Me That button to create your own complete copy of any recipe that you find online. A non-GAAP financial measure is a numerical measure of financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States (GAAP). On The Border Mexican Grill & Cantina: Real Beans and Tortillas - See 105 traveler reviews, 3 candid photos, and great deals for Topeka, KS, at Tripadvisor. On the border has been making delicious tortilla chips for 20 years. Further, due to Truco Enterprises’ asset-light nature through the use of co-manufacturers, Truco Enterprises’ free cash flow contribution to Utz is meaningful, as capital expenditures are nominal and working capital averages approximately 6% of net sales. Tortilla chip retail sales grew 10% in the 52 weeks ending 10/4/20.1 Further, ON THE BORDER® is a significant player in the growing $1.5 billion retail sales salsa sub-category, and is the #3 brand in the $107 million retail sales queso sub-category. … Mexican grill ; cantina contains no artificial flavors ; colors, preservatives, MSG, hydrogenated oils, cholesterol, gluten.On The Border® Tortilla Strips Chips.New!.Mexican grill & cantina.No artificial flavors & colors.No preservatives.0g Trans fat per serving.Made with sea salt.Gluten free.New Wt.16 oz. Based in Hanover, Pennsylvania, Utz operates fourteen facilities located in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Washington, and Massachusetts. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that Utz considers immaterial or which are unknown. Information about your account, device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Following the transaction, Utz would have approximately $1.3 billion in total retail sales. Goldman Sachs is acting as lead financial advisor, BofA Securities is acting as financial advisor, and Cozen O’Connor is serving as legal counsel to Utz Brands, Inc. Harris Williams & Co. is acting as lead financial advisor and Kirkland & Ellis LLP is acting as legal counsel to Truco Enterprises. By clicking "Reject all" you reject all non-essential cookies and similar technologies, but Verizon Media will continue to use essential cookies and similar technologies. About Non-GAAP Financial Measures and Items Affecting Comparability. Directions at grannymountain.blogspot.com Never lose a recipe again, not even if the original website goes away! Our Traditional Tortilla Chips use authentic recipes and premium ingredients for that signature flaky texture and crispy bite. Pop open a bag and enjoy life's little moments. January 2021. 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. 1 Carrot, thin. Website. (RTTNews) - Utz Brands, Inc. (UTZ) said that its subsidiaries Utz Quality Foods, LLC and Heron Holding agreed to acquire Truco Enterprises, a seller of tortilla … Gift Cards Employment Our Story Survey. Find out more about how we use your information in our Privacy Policy and Cookie Policy and change your choices at any time by visiting Your Privacy Controls. Most of these factors are outside Utz’s control and are difficult to predict. ® , with the ON THE BORDER ® brand of tortilla chips, salsa, queso, and dips, will uniquely position Utz as a leading player in the $28 billion U.S. Salty Snack category. New On The Border Café Style Salsa Flavored Chips bring the same great flaky and crispy chip you love with a bright and flavorful salsa seasoning. Explore • Food And Drink • Soups • Chicken Soups • Chicken Tortilla Soup.. Your Food Diary Use the FatSecret food diary to track your diet. On The Border& 174; Tortilla Strips Chips. Recipe from copymethat.com. HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries Utz Quality Foods, LLC (“UQF”) and Heron Holding Corporation have entered into a definitive agreement to acquire Truco Enterprises (“Truco”), a leading seller of tortilla chips, salsa and queso under the ON THE BORDER® (“OTB”) brand, from Insignia Capital Group for a total purchase price of $480 million, subject to a customary post-closing purchase price adjustment. 10 % 9g Protein. The acquisition increases Utz’s presence with leading customers in the Mass and Club channels, and expands Utz’s geographic presence, providing approximately $190 million of retail sales in Utz’s Expansion and Emerging geographies. utz@icrinc.com ®, with the ON THE BORDER® brand of tortilla chips, salsa, queso, and dips, will uniquely position Utz as a leading player in the $28 billion U.S. Salty Snack category. Latest Stories . “Truco Adjusted EBITDA” is defined as Adjusted EBITDA further adjusted to exclude certain royalty fee costs which will not be incurred following the acquisition of Truco Enterprises. Because Border-style means mesquite-grilled meat, fresh ingredients, hand-pressed tortillas, and sauces made in small batches. On The Border Mexican Grill and Cantina/Facebook. We choose every ingredient purposefully and craft them slowly with care to make the kind of food that says take a break. Nov 20, 2017 - On the Border Chicken Tortilla Soup, I Know the Secret! “Adjusted EBITDA” is defined as EBITDA further adjusted to exclude certain non-cash items, such as stock-based compensation, hedging and purchase commitments adjustments, and asset impairments; acquisition and integration costs; business transformation initiatives; and financing-related costs. It is not possible to predict or identify all such risks. Traditional Tortilla Chips. Meat. You May Like Also: Herdez Guacamole Salsa Recipes. Utz will be able to leverage its world class Direct Store Delivery network to help expand our brand into new markets. We believe Adjusted EBITDA is useful to the users of this presentation and financial information contained in the presentation in the evaluation of Utz’s operating performance compared to other companies in the salty snack industry, as similar measures are commonly used by companies in this industry. On The Border Tortilla Rounds are the fresh, crispy, craveable chips perfect for warm dips! They also provide additional metrics to evaluate Utz’s operations and, when considered with both the GAAP results, provide a more complete understanding of Utz’s business than could be obtained absent this disclosure. United States ; Arizona (AZ) Tucson ; Tucson Restaurants ; On The Border Mexican Grill & Cantina; Search “They make their own Tortillas” Review of On The Border Mexican Grill & Cantina. On the Border Chicken Tortilla Soup, I Know the Secret! On The Border has a downloadable Allergen PDF that has menu options for those with various allergies (gluten, peanut, egg, fish, etc.) Words hardly do it justice, but when those three friends tried it, they knew they had to share it with as many people as possible. Utz 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. Utz plans to use its robust sales, manufacturing, and distribution platform to expand ON THE BORDER® tortilla chips, salsa, and queso further into channels in which OTB is under-penetrated, including Grocery and Convenience, and to increase marketing and innovation investments behind the ON THE BORDER® brand. Worst: Border Sampler. As new events or circumstances arise, these definitions could change. The financial measures are shown as supplemental disclosures in this release because they are widely used by the investment community for analysis and comparative evaluation. Home Chips & Dips About Us Buy Online. It called for 2 tbsp of oil instead of the lard. 12 ingredients. Marie Espinel, Katie Lewis or Hannah Arnold Related searches for: On The Border Tortillas; on the border tacos: on the border enchiladas: on the border burritos: on the border quesadillas: on the border: tortillas: 1 2 Next. Media Contacts A free inside look at company reviews and salaries posted anonymously by employees. (453 g). I’m looking forward to working with Dylan and the rest of the Utz senior management team to continue our excellent growth trajectory.”. TOP QUESTIONS. Search Foods Recipes Meals Exercises Members. So in October of 1982, they opened the first On The Border at the corner of Knox and Travis in Dallas, Texas. mespinel@lakpr.com, klewis@lakpr.com or harnold@lakpr.com, Investor Contact This acquisition strengthens our competitive position, as well as our financial profile. It's free! Tortilla chip retail sales grew 10% in the 52 weeks ending 10/4/20. Under the terms of the transaction agreement, Truco will become a wholly owned indirect subsidiary of Utz. ADVERTISEMENT . The combination of Utz’s existing portfolio of Power Brands, including Utz®, Zapp’s®, Golden Flake® Pork Skins, Good Health®, Boulder Canyon®, Hawaiian® Brand, and Tortiyahs! We believe Truco Adjusted EBITDA is useful to the users of this release and financial information contained in the release to evaluate the estimated contribution of the Truco Enterprises acquisition to our Adjusted EBITDA and compare to other companies in the salty snack industry, as similar measures are commonly used by companies in this industry. Chris Mandeville and Anna Kate Heller On The Border Café Style Tortilla Chips are gluten-free and free of artificial flavors, preservatives, and trans fats. These forward-looking statements include, without limitation, Utz’s expectations with respect to future performance. The ON THE BORDER® brand provides Utz a growing Power Brand with significant scale in the attractive $6.2 billion retail sales tortilla chip sub-category, the #2 sub-category in salty snacks behind potato chips, as well as a meaningful presence in salsa, queso, and dips, and a strong innovation pipeline. On The Border Mexican Grill & Cantina . Utz CEO: On the Border tortilla chips acquisition 'is just the beginning' November 12, 2020, 10:25 a.m. Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman speak with Utz CEO Dylan Lissette about the company’s acquisition of On the Border Tortilla Chips, its most recent quarter, and much more. 1 Bite size rotisserie chicken breast. The transaction represents an acquisition multiple of approximately 9.2x estimated fiscal 2020 Truco Adjusted EBITDA of $50 million excluding estimated synergies, and 8.4x estimated fiscal 2020 Truco Adjusted EBITDA including run-rate cost synergies of at least $5 million, in each case including approximately $20 million in net present value from expected tax assets resulting from the transaction. 20 photos. 2 answers. Select 'Manage settings' to manage your choices. Utz’s management believes that the non-GAAP measures are important to having an understanding of Utz’s overall operating results in the periods presented. ... A cup of chicken tortilla soup at 330 calories is a nice way to start a meal if you need to have something right away." Learn more! Recipe by Copy Me That. on the Border on the Border - Flour Tortillas. 63 % 57g Carbs. On The Border has a great variety of gluten-free Tex-Mex options to try. After nearly a century with strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Homestyle Thick & Crispy. They're perfect as a delicious snack or served on a party spread with On The Border Salsa and On The Border Queso. The forward-looking statements contained in this press release include, without limitation, statements related to the planned acquisition of Truco Enterprises and the timing and financing thereof; the expected impact of the planned acquisition, including without limitation, the expected impact on Utz’s overall market position, the projected Adjusted EBITDA and Adjusted EBITDA margins, Truco Adjusted EBITDA, and Truco Adjusted EBITDA margins included in the release, the projected Truco fiscal 2020 Net Sales included in the release, the predictions related to earnings included in the release, the projected retail sales included in the release, stated target net leverage and net leverage ranges included in the release and cash flow metrics included in the release; and the expected tax benefits of the acquisition. 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