Website. Chris Mandeville and Anna Kate Heller 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! Jump to main content. 1 Further, ON THE BORDER ® is a significant player in the growing $1.5 billion retail … A free inside look at company reviews and salaries posted anonymously by employees. 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. Utz manufactures a diverse portfolio of savory snacks under popular brands including Utz®, Zapp’s®, Golden Flake®, Good Health®, Boulder Canyon®, Hawaiian® Brand, and Tortiyahs! As new events or circumstances arise, these definitions could change. On the border is a full service casual adult dining, with mesquite-grilled and Southwestern items. 27 % 11g Fat. Utz Brands has agreed to buy Truco Enterprises, which sells tortilla chips, salsa, and queso dips under the On the Border brand, for $480 million. 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. They're perfect as a delicious snack or served on a party spread with On The Border Salsa and On The Border Queso. It called for 2 tbsp of oil instead of the lard. I’m looking forward to working with Dylan and the rest of the Utz senior management team to continue our excellent growth trajectory.”. The Company has also posted presentation slides and additional supplemental financial information, which are available now on Utz’s Investor Relations website. Calorie Goal 1,640 cal. 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. 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. For more information, please visit www.ontheborderchips.com. How salty are these chips? Utz cautions that the foregoing list of factors is not exclusive. On The Border Café Style Tortilla Chips are gluten-free and free of artificial flavors, preservatives, and trans fats. Like most other Mexican restaurants, they do use common fry oil for their chips and tortillas. 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. I want to tell you all about On The Border Torilla Chips, Cafe Style. We choose every ingredient purposefully and craft them slowly with care to make the kind of food that says take a break. Kick back. 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. Expands Position in Attractive Tortilla Chip Sub-Category. “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. Have they changed the amount of salt they are adding? 360 / 2,000 cal left. We craft On The Border Tortilla Rounds using the best ingredients and a simple recipe that includes only corn, oil, and sea salt for a simply delicious taste. Tortilla Rounds. Meat. A replay will be archived online, and is also available telephonically approximately two hours after the call concludes through Thursday, November 26, 2020, by dialing (800) 585-8367 from the U.S., or (416) 621-4642 from international locations, and entering confirmation code 8419588. Fitness Goals : Heart Healthy. When you sign up for their email club, you can get free Queso or Sopapillas on your next visit. Under the terms of the transaction agreement, Truco will become a wholly owned indirect subsidiary of Utz. 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. 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. Marie Espinel, Katie Lewis or Hannah Arnold 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). Directions at grannymountain.blogspot.com Never lose a recipe again, not even if the original website goes away! 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. Select 'Manage settings' to manage your choices. Utz’s products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug and other channels. It's free! 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. The Company’s products are sold nationally through grocery retailers, club stores, and mass merchandisers. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. So, this recipe is totally flexible with a little trick. “Combined Utz and Truco Net Sales” is defined as the combined estimated fiscal 2020 Net Sales of Utz and Truco. ®, 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. 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. 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. Following the transaction, Utz would have approximately $1.3 billion in total retail sales. 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. These non-GAAP measures are not and should not be considered an alternative to the most comparable GAAP measures or any other figure calculated in accordance with GAAP, or as an indicator of operating performance. It is not possible to predict or identify all such risks. How does this food fit into your daily goals? We also provide in this presentation, Adjusted EBITDA as a percentage of Net Sales, as an additional measure for readers to evaluate our Adjusted EBITDA margins on Net Sales. 10 % 9g Protein. TOP QUESTIONS. … Truco is a leading developer and marketer of tortilla chips, salsa, and queso under the ON THE BORDER® brand. Our Traditional Tortilla Chips use authentic recipes and premium ingredients for that signature flaky texture and crispy bite. On The Border Mexican Grill & Cantina . The tortillas always felt like the store bought ones (they probably were!) By clicking "Accept all" you agree that Verizon Media and our partners will store and/or access information on your device through the use of cookies and similar technologies and process your personal data, to display personalised ads and content, for ad and content measurement, audience insights and product development. (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 … 8 On The Border reviews. Here is the complete On The Border gluten-free menu. On The Border& 174; Tortilla Strips Chips. Now they're doing it organically. Following the transaction, Utz would have approximately $1.3 billion in total retail sales. 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. 4 cups chicken broth; 3 tbsp vegetable oil, divided; ½ cup red onion, chopped; 2 pcs garlic cloves, minced; ¾ tsp ground cumin; 15 oz tomato sauce; 15 oz black beans, rinsed and drained; 1 cup corn kernels, drained; ½ cup On The Border Tomato Salsa; 4 tbsp. About Non-GAAP Financial Measures and Items Affecting Comparability. 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. Monkey Catering. The Company has debt financing commitments for the full transaction amount from BofA Securities and Goldman Sachs. Utz’s calculation of the non-GAAP financial measures may differ from methods used by other companies. We use Truco Adjusted EBITDA to evaluate the estimated contribution of Truco Enterprises to our Adjusted EBITDA upon transaction close. Home Chips & Dips About Us Buy Online. 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. Homestyle Thick & Crispy. 1 Carrot, thin. Utz cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Latest Stories . Explore • Food And Drink • Soups • Chicken Soups • Chicken Tortilla Soup.. 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. Tortilla chip retail sales grew 10% in the 52 weeks ending 10/4/20. 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. 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. Utz will be able to leverage its world class Direct Store Delivery network to help expand our brand into new markets. So in October of 1982, they opened the first On The Border at the corner of Knox and Travis in Dallas, Texas. Sodium 1,400g. 900 / 2,300g left. 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. Factors that may cause such differences include, but are not limited to: whether and when the required regulatory approvals will be obtained for this acquisition, whether and when the other closing conditions will be satisfied and whether and when the acquisition will close, whether and when Utz will be able to realize the expected financial results and accretive effect of the acquisition, and how customers, competitors, suppliers and employees will react to the acquisition; the risk that the recently completed Business Combination with Collier Creek Holdings disrupts plans and operations; the ability to recognize the anticipated benefits of such Business Combination, which may be affected by, among other things, competition and the ability of Utz to grow and manage growth profitably and retain its key employees; the outcome of any legal proceedings that may be instituted against Utz following the consummation of such Business Combination; changes in applicable law or regulations; costs related to the Business Combination; the inability of Utz to maintain the listing of Utz’s Class A Common Stock and public warrants on the New York Stock Exchange; the inability of Utz to develop and maintain effective internal controls; the risk that Utz’s gross profit margins may be adversely impacted by a variety of factors, including variations in raw materials pricing, retail customer requirements and mix, sales velocities and required promotional support; changes in consumers’ loyalty to the Company’s brands due to factors beyond Utz’s control; changes in demand for Utz’s products affected by changes in consumer preferences and tastes or if Utz is unable to innovate or market its products effectively; costs associated with building brand loyalty and interest in Utz’s products, which may be affected by Utz’s competitors’ actions that result in Utz’s products not suitably differentiated from the products of competitors; fluctuations in results of operations of Utz from quarter to quarter because of changes in promotional activities; the possibility that Utz may be adversely affected by other economic, business or competitive factors; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Forward-Looking Statements” in Utz’s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on November 5, 2020. They make their own Tortillas - On The Border Mexican Grill & Cantina. utz@icrinc.com 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. Ive bought these chips biweekly for years and they last three bags have had so much salt on them. On The Border Catering. Use the Copy Me That button to create your own complete copy of any recipe that you find online. The LAKPR Group Make sure to reference this list of the best and worst On The Border menu items before you go! Includes gift cards, franchise details, store locations and employment opportunities. 472. On The Border has a downloadable Allergen PDF that has menu options for those with various allergies (gluten, peanut, egg, fish, etc.) This acquisition strengthens our competitive position, as well as our financial profile. That's it. (453 g). mespinel@lakpr.com, klewis@lakpr.com or harnold@lakpr.com, Investor Contact Following the transaction, Utz would have approximately $1.3 billion in total retail sales. “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. ICR Menu Locations Order Now Happy Hour Catering Free Queso. on the Border on the Border - Flour Tortillas. 11 / 67g left. Pop open a bag and enjoy life's little moments. Worst: Border Sampler. Produce. The secret of preparing this on the border chicken tortilla … Information about your account, device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. On the border has been making delicious tortilla chips for 20 years. 1 Bite size rotisserie chicken breast. “ON THE BORDER® is now one of the fastest growing tortilla chip brands, and the fastest growing dip brand in the category. (I like a little bit of salt but not overwhelmingly so.) See All. The transaction is expected to close in December 2020 and is subject to customary closing conditions including the receipt of regulatory approvals. Crispy and light tortilla chips with a pinch of sea salt with no gluten, trans fat, artificial flavors, colors or preservatives Fantastic with queso and salsa dips as well as nachos, chilaquiles and other Mexican dishes featured on the On The Border menu On The Border tortilla … Please visit the “Events & Presentations” section of Utz’s Investor Relations website at https://investors.utzsnacks.com/ to access the live listen-only webcast and presentation. 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. “This strategic acquisition will make Utz a significant competitor in the tortilla chip sub-category, where OTB holds the #3 position, and also provides us with a meaningful position in salsa, queso, and dips,” said Dylan Lissette, CEO of Utz. We are confident this transaction will drive long-term value creation for our stockholders and help position us for continued long-term growth.”, “The Truco team is thrilled to be joining the Utz family of brands, and we are thankful to our partners at Insignia Capital for all of their support,” said Shane Chambers, CEO of Truco Enterprises. For more information, please visit www.utzsnacks.com or call 1‐800‐FOR‐SNAX. “In combination with our small but growing premium Tortiyahs!® brand, the integration of the ON THE BORDER® brand will continue to improve Utz’s scale and product diversification, which are important success factors in salty snacks. They're perfect for a fast and delicious snack, at home, or on-the-go! ® among others. 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. 360 Cal. When you try this with tortilla, cut them into long on the border tortilla strips, and fry them. You May Like Also: Herdez Guacamole Salsa Recipes. Warrant Details. On the Border Chicken Tortilla Soup, I Know the Secret! 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. 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. Media Contacts 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. 1 Source: IRI data for MULO + C as of 10/4/20. it's why you'll find only three simple ingredients in these chips: corn, expeller-pressed oil and sea salt. 3 answers. On The Border Gluten-Free Menu 2021. 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. On The Border Tortilla Rounds are the fresh, crispy, craveable chips perfect for warm dips! Most of these factors are outside Utz’s control and are difficult to predict. Log Food. Ingredients. On the Border Chicken Tortilla Soup Recipe. Based in Hanover, Pennsylvania, Utz operates fourteen facilities located in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Washington, and Massachusetts. 20 photos. Serving Size : 3 Tortillas. Cholesterol 300g--/ 300g left. Investors can also dial in over the phone by calling (833) 670-0764 from the U.S. and (343) 761-2595 internationally. uncooked rice; To Serve: ¼ cup yellow onion, chopped; ½ cup fresh cilantro, chopped; 3 oz On The Border Tortilla … On The Border has a great variety of gluten-free Tex-Mex options to try. These forward-looking statements include, without limitation, Utz’s expectations with respect to future performance. 63 % 57g Carbs. The transaction is expected to be accretive to earnings in 2021 and beyond. When is comes to organic tortilla strips, on the border believes less is more more delicious. Recipe by Copy Me That. 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. The acquisition includes all rights to the ON THE BORDER® trademarks for use in the manufacture, sale, and distribution of snack food products in the United States and certain other international markets. The combined company’s fiscal 2020 Adjusted EBITDA margin, including the pre-acquisition Truco Adjusted EBITDA margin and the expected run-rate cost synergies, is expected to increase to approximately 16% from approximately 14% for Utz stand-alone, based on the Company’s latest guidance. ... 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." See, at On The Border®, making delicious, authentic chips, salsas and queso is our passion. On The Border Taste of Tajin Clásico Flavored Tortilla Chips, 226-g, 8-Count: Amazon.ca: Grocery Daily Goals. As close to restaurant-style tortilla chips you'll find! 1 answer. Utz does not provide a reconciliation of Utz’s forward-looking Adjusted EBITDA, Adjusted EBITDA margins, Truco Adjusted EBITDA, Truco Adjusted EBITDA Margin or other such forward looking metrics to the most directly comparable GAAP financial measures because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for acquisition-related expenses, gains and losses and other charges reflected in the Company’s reconciliation of historic non-GAAP financial measures, the amounts of which, based on past experience, could be material. Nov 20, 2017 - On the Border Chicken Tortilla Soup, I Know the Secret! 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. Utz plans to use its robust sales, manufacturing, and distribution platform to expand ON THE BORDER® tortilla chips, salsa, and queso further into channels where OTB is under-penetrated, including Grocery and Convenience, and to increase marketing and innovation investments behind the brand. Utz expects to receive a tax basis step up from the acquisition of intellectual property associated with the trademark with an estimated net present value of approximately $20 million. Search Foods Recipes Meals Exercises Members. January 2021. As a result, more consumers across the U.S will have access to our delicious, high quality tortilla chips and dips. Sometimes, nothin’ beats the classics. and nothing ever came close to the tortillas found at On the Border or at Tex Mex joints. Assuming Utz fully draws this commitment, net leverage immediately following the transaction would be approximately 4.8x on 2020E Combined Utz and Truco Adjusted EBITDA including expected cost synergies, and we would expect to return to our stated target net leverage range of 3-4x within 12-18 months after closing, consistent with the financial policy outlined in our SPAC business combination investor presentation. ® , 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. 203-682-8304. 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. Would have approximately $ 1.3 billion in total retail sales insignia Capital Group presentation slides and additional financial. 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