18 Truco Enterprises reviews. Along with these topline benefits, Utz expects run-rate cost synergies of at least $5 million. 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. Utz expects the transaction to be accretive to earnings in 2021 and beyond. Truco Enterprises, LP is located in Carrollton, TX, United States and is part of the Food Wholesalers Industry. Glassdoor gives you an inside look at what it's like to work at Truco Enterprises, including salaries, reviews, office photos, and more. The On The Border® line of retail products includes crispy, authentic Mexican-style chips, flavorful salsas and creamy queso dips. Food and beverage industry job board powered by NOSH / BevNET. Our annual buyers guide to natural snack food products, Classified ads from service providers and suppliers, On-demand video education on running a food business, Thank you to our 1200+ charter subscribers, Learn how to grow your business with NOSH, Submit your brand/product to our database, People Moves: Truco Enterprises Names CEO; Sabra Adds CMO, Gold Rush Accelerator Seeks to Promote Community, Success for Asian Entrepreneurs, Watch: Product Showcase: Ice Cream, Bonus Interviews, Mother Raw Raises $6.1M to Support Growth in U.S. Market, Building the Brand S1E3: Building an In-Be”Tween” Brand. This is the Truco Enterprises company profile. CARROLLTON, Texas, Jan. 10, 2018 /PRNewswire/ -- Truco Enterprises announced today that it appointed Lisa Walsh as the company's Chief Executive Officer effective January 3, 2018. Our database of leading suppliers and service providers for the food and beverage industries. Jobs; ... who work well together to get things done right with accountability for doing your part being shared equally from the CEO to the part time staff. For over 10 years, PotatoPro is the proud online information provider of the global potato industry, with thousands of news articles, company descriptions, industry events and statistics. Find qualified candidates today. Utz expects Truco Enterprises to generate approximately $195 million in Net Sales in fiscal 2020, an increase of approximately 32% compared to the prior year, and approximately $50 million of Truco Adjusted EBITDA in fiscal 2020, excluding expected run-rate cost synergies. As Truco's new CEO, Walsh's top priority will be expanding distribution of the On the Border brand of snacks and in turn … 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 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. 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. Weekly, Utz produces over 1 million pound of potato chips and nine hunderd thousand pounds of pretzels in 4 manufacturing facilities. Now reaching close to a million people yearly, PotatoPro is also the ideal place to get your message out... Utz Brands to acquire Truco Enterprises, the owner of 'On the Border' Tortilla Chips. Following the transaction, Utz would have approximately $1.3 billion in total retail sales. The transaction is expected to be accretive to earnings in 2021 and beyond. BevNET's Taste Radio, the leading podcast for the food and beverage industries. Truco Enterprises, LP has 50 total employees across all of its locations and generates $136.00 million in sales (USD). 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. ®, 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. Foods Introduces New Gluten-Free and GMO-Free flavor, DAH! Truco Enterprises’ business has benefited from the COVID-19 pandemic, which has helped drive strong performance in the company’s Mass, Club, and Grocery channels. CARROLLTON, Texas -- Snack maker Truco Enterprises has appointed Lisa Walsh (pictured below) as the company's CEO.