Former Natty Boh owner takes stake in Utz

Nevermind those wedding bells; in reality, it looks like Mr. Boh and his perennial partner, the Utz girl, are more like friends of friends.

Their common bond is Metropoulos & Co., a family-owned investment firm, which sold National Bohemian two years ago and on Wednesday announced a stake in Utz Quality Foods. Terms of the deal were not disclosed, but the Wall Street Journal reported the investment was more than $146 million.

Metropoulos, like Baltimore, has a taste for classic food brands. Its portfolio has included Aunt Jemima, Bumble Bee Foods, Chef Boyardee, Ghirardelli Chocolate, Vlasic and Hostess Brands, which this summer said it would go public.

It sold Pabst Brewing Co., which owns the National Bohnemian brand, in 2014 to TSG Consumer Partners, a San Francisco private equity firm, for $750 million.

The investment from Metropoulos was used to finance Utz’s acquisition of Alabama-based Golden Enterprises, which owns the Golden Flake brand of chips and pork rinds. Utz finalized that deal on Oct. 3.

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