Utz Buys Golden Flake

| July 19, 2016 

 ========= Old Image Removed =========Array
(
    [_wp_attached_file] => Array
        (
            [0] => 2016/07/GF_3D_2014-revised.jpg
        )

    [_wp_attachment_metadata] => Array
        (
            [0] => a:5:{s:5:"width";i:600;s:6:"height";i:449;s:4:"file";s:30:"2016/07/GF_3D_2014-revised.jpg";s:5:"sizes";a:8:{s:6:"medium";a:4:{s:4:"file";s:30:"GF_3D_2014-revised-336x251.jpg";s:5:"width";i:336;s:6:"height";i:251;s:9:"mime-type";s:10:"image/jpeg";}s:9:"thumbnail";a:4:{s:4:"file";s:30:"GF_3D_2014-revised-140x140.jpg";s:5:"width";i:140;s:6:"height";i:140;s:9:"mime-type";s:10:"image/jpeg";}s:9:"wbhm-icon";a:4:{s:4:"file";s:28:"GF_3D_2014-revised-80x80.jpg";s:5:"width";i:80;s:6:"height";i:80;s:9:"mime-type";s:10:"image/jpeg";}s:13:"wbhm-featured";a:4:{s:4:"file";s:30:"GF_3D_2014-revised-600x338.jpg";s:5:"width";i:600;s:6:"height";i:338;s:9:"mime-type";s:10:"image/jpeg";}s:18:"wbhm-featured-home";a:4:{s:4:"file";s:30:"GF_3D_2014-revised-416x311.jpg";s:5:"width";i:416;s:6:"height";i:311;s:9:"mime-type";s:10:"image/jpeg";}s:22:"wbhm-featured-carousel";a:4:{s:4:"file";s:30:"GF_3D_2014-revised-354x265.jpg";s:5:"width";i:354;s:6:"height";i:265;s:9:"mime-type";s:10:"image/jpeg";}s:28:"ab-block-post-grid-landscape";a:4:{s:4:"file";s:30:"GF_3D_2014-revised-600x400.jpg";s:5:"width";i:600;s:6:"height";i:400;s:9:"mime-type";s:10:"image/jpeg";}s:14:"post-thumbnail";a:4:{s:4:"file";s:30:"GF_3D_2014-revised-125x125.jpg";s:5:"width";i:125;s:6:"height";i:125;s:9:"mime-type";s:10:"image/jpeg";}}s:10:"image_meta";a:12:{s:8:"aperture";s:1:"0";s:6:"credit";s:0:"";s:6:"camera";s:0:"";s:7:"caption";s:0:"";s:17:"created_timestamp";s:1:"0";s:9:"copyright";s:0:"";s:12:"focal_length";s:1:"0";s:3:"iso";s:1:"0";s:13:"shutter_speed";s:1:"0";s:5:"title";s:0:"";s:11:"orientation";s:1:"0";s:8:"keywords";a:0:{}}}
        )

    [_imagify_optimization_level] => Array
        (
            [0] => 1
        )

    [_imagify_data] => Array
        (
            [0] => a:2:{s:5:"stats";a:3:{s:13:"original_size";i:190626;s:14:"optimized_size";i:130538;s:7:"percent";d:31.52;}s:5:"sizes";a:8:{s:4:"full";a:5:{s:7:"success";b:1;s:8:"file_url";s:58:"https://news.wbhm.org/media/2016/07/GF_3D_2014-revised.jpg";s:13:"original_size";i:88398;s:14:"optimized_size";i:54480;s:7:"percent";d:38.369999999999997;}s:9:"thumbnail";a:2:{s:7:"success";b:0;s:5:"error";s:77:"WELL DONE. This image is already compressed, no further compression required.";}s:6:"medium";a:2:{s:7:"success";b:0;s:5:"error";s:77:"WELL DONE. This image is already compressed, no further compression required.";}s:13:"wbhm-featured";a:5:{s:7:"success";b:1;s:8:"file_url";s:66:"https://news.wbhm.org/media/2016/07/GF_3D_2014-revised-600x338.jpg";s:13:"original_size";i:60983;s:14:"optimized_size";i:45260;s:7:"percent";d:25.780000000000001;}s:20:"wbhm-featured-square";a:2:{s:7:"success";b:0;s:5:"error";s:77:"WELL DONE. This image is already compressed, no further compression required.";}s:18:"wbhm-featured-home";a:5:{s:7:"success";b:1;s:8:"file_url";s:66:"https://news.wbhm.org/media/2016/07/GF_3D_2014-revised-416x311.jpg";s:13:"original_size";i:41245;s:14:"optimized_size";i:30798;s:7:"percent";d:25.329999999999998;}s:22:"wbhm-featured-carousel";a:2:{s:7:"success";b:0;s:5:"error";s:77:"WELL DONE. This image is already compressed, no further compression required.";}s:14:"post-thumbnail";a:2:{s:7:"success";b:0;s:5:"error";s:77:"WELL DONE. This image is already compressed, no further compression required.";}}}
        )

    [_imagify_status] => Array
        (
            [0] => success
        )

    [_media_credit] => Array
        (
            [0] => Golden Enterprises
        )

    [_navis_media_credit_org] => Array
        (
            [0] => 
        )

    [_navis_media_can_distribute] => Array
        (
            [0] => 
        )

)
1647214767 
1468946590

“The South’s Original Potato Chip” will soon be a part of a company out of Pennsylvania.

UTZ Quality Foods made a merger agreement, yesterday with the company that owns Golden Flake. Under the deal, Golden Enterprises will be operated as a wholly owned subsidiary of UTZ. Golden Flake says management and production of the southern chips will remain in Birmingham.

Shareholders of stock in Golden Enterprises with get $12 a share, plus assumption of debt – making the total deal worth about $135 million. The 30 day trading average of the stock has been $7.

UTZ is a privately held company, and the merger still has to undergo antitrust approval and other conditions — expected close in the 4th quarter of the year.

The Birmingham Business Journal had cited Golden as the 14th largest public company headquarted in Alabama. AL.com has noted that Pennsylvania based UTZ was the buyer of ZAPP’s potato chips in Louisiana in 2011 – ZAPP’s are still made in Gramercy, Louisiana, today.

 

 

Donatella Versace to step down as brand’s chief creative officer after nearly 30 years

Donatella took over the brand after the murder of her brother, Gianni Versace, its founder, in 1997. Her bold creative vision and unique style have been instrumental in preserving the Versace legacy.

As global tariff tensions rise, here’s the latest on U.S. trade with top partners

President Trump has upended global markets by imposing tariffs on imports from several of America's top trading partners. Here's what to know.

A man says his stepmom locked him in a room for decades. He escaped by setting a fire

Police in Waterbury, Conn., allege the man's stepmother locked him in his room with limited food and water for over 20 years, until he started a fire using hand sanitizer, printer paper and a lighter.

Trump plans to visit the Justice Department Friday, a rare move for a president

The president is planning to give remarks on "restoring law and order," according to the White House. Trump has vowed to end "weaponization" of the DOJ after having been investigated himself.

Senate Democrats face major dilemma: help GOP pass funding bill or trigger shutdown

The government runs out of funding Friday at midnight, leaving Democrats to decide whether to help Republicans pass a bill to avoid a shutdown or block the bill and be blamed for triggering one.

Thousands of fired federal workers must be offered reinstatement, a judge rules

Thousands of probationary federal employees fired by the Trump administration must be offered job reinstatement, a judge in San Francisco has ruled, because they were terminated unlawfully.

More Economy Coverage