Utz Buys Golden Flake

Associated Press | 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] => 
        )

)
1640161631 
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 4^th quarter of the year.

The Birmingham Business Journal had cited Golden as the 14^th 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.