Utz Quality Foods, Inc. of Hanover, PA, and Golden Enterprises, Inc. entered into a definitive merger agreement on July 18 for Utz to acquire the company.
Chief Executive Muhtar Kent and President James Quincey praised Steinike as the consummate Coca-Cola leader and ambassador and as a thought leader in information technology.
If Hershey Co. considers any new acquisition offer in the coming weeks it could face opposition from some in its namesake town of Hershey, Pennsylvania.