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Image courtesy of Pixabay Representative image The $41 million transaction will support Utz’s On The Border tortilla chips brand and expand its portfolio of salty snacks. American salty snacks manufacturer Utz Brands Inc. announced this week that it has entered into a definitive agreement to purchase chips and snacks manufacturer Festida Foods from Great Lakes Festida Holdings Inc. and related entities for $41 million. Festida Foods produces corn chips, tortilla chips and pellet snacks and is currently the largest manufacturer of Utz’s On The Border brand of tortilla chips. “We expect that this strategic acquisition will enable strong supply chain synergies for our On The Border brand and enhance our ability to expand both On The Border and other Utz Power Brands geographically in the Midwest,” Dylan Lissette, the chief executive officer of Utz Brands, said in a release. “Over time, we intend to expand production capabiliti ....