Conagra Brands Enters Into Definitive Agreement To Acquire Thanasi Foods, Maker Of Duke's Meat Snacks And BIGS Seeds, Code of Ethics for Senior Corporate Officers, Nominating and Corporate Governance Committee. The valley's cooler climate helps our local farmer friends produce chiles with an . Justin 'Duke' Havlick, Duke's and BIGS founder and CEO, said: "What started 13 years ago as a simple passion for fire roasting seeds and slow smoking meats, has grown into two terrific brands that . "This is another exciting step in our ongoing efforts to reshape our portfolio to be more premium and modern," said Sean Connolly, president and chief executive officer of Conagra Brands. From a balance sheet standpoint, were proud to say that we never really went back for additional rounds of funding to support growth after day one.. While terms of the transaction were not disclosed, a source previously told The Deal the purchase price would likely be about $100 million. Company Founder and President Justin Duke Havlick is doing exactly what he loves to do: combining his love of food with his love of the outdoors (he lives in Boulder, CO, after all). Havlick added, What started 13 years ago as a simple passion for fire roasting seeds and slow smoking meats, has grown into two terrific brands that are recognized in households across the U.S. Justin "Duke" Havlick, Duke's and BIGS founder and chief executive officer, said, "What started 13 years ago as a simple passion for fire roasting seeds and slow smoking meats, has grown into. - Justin Duke Havlick. Dukes Original Shorty Smoked Sausages & Left Hand Sawtooth Ale. The decision could signal a sea change in the auto industry. block. The Duke meat snacks and Bigs brands will be added to Conagra's product portfolio, which includes Slim Jim meat snacks and David Seeds. Thats why we proudly wear the seal and you can too. Dont fix something that aint broke! "There are no secrets in our kitchen and we take pride in our ability to share our ingredients and recipes with our consumers," says founder/owner Justin 'Duke' Havlick. Justin started making his own jerky on his backyard smoker. 7 g protein with 2 g of total sugar per serving. The valuation was said to be five times the approximately $20 million in revenue Epic was estimated to have generated in 2015. Encore provided Thanasi with growth capital and partial liquidity for existing shareholders. 2023 TheStreet, Inc. All rights reserved. All Rights Reserved BNP Media. Thanasi Foods' CEO Justin Havlick expects further M&A activity in the meat snacks category after ConAgra snapped up the Duke's maker last week. Something to keep in mind while pairing is the intensity of flavors. Metal Plant Explosion Kills Maintenance Worker. Encore Consumer Capital has completed the sale of Thanasi Foods, marketer of the Duke's and BIGS snack brands, to Conagra Brands. When youre here, youre surrounded by people who care about breweries and independence. Subscribe to receive the latest information. 4. For the love of jerky, Justin "Duke" Havlick Current Product Lineup Smoked Shorty Sausages - Chorizo & Lime (1.25oz) Smoked Shorty Sausages - Chorizo & Lime (5oz) Smoked Shorty Sausages - Original Recipe (1.25oz) Smoked Shorty Sausages - Original Recipe (5oz) Smoked Shorty Sausages - Hatch Green Chile (1.25oz) https://twitter.com/vendingmagazine The founder maintained a significant minority share of the Company. Their jerky is advertised to be made in small batches, and is smoked using real hardwoods, not "liquid lumber" in their words. The transaction is subject to customary closing conditions, including the receipt of regulatory approval, and is expected to close summer 2017. and cookie policy to learn more about the cookies we use and how we use your The FINANCIAL -- On March 16 Conagra Brands, Inc. announced that it has entered into a definitive agreement to acquire protein-based snacking businesses Thanasi Foods LLC (Thanasi), maker of Duke . With an ongoing commitment to corporate citizenship, Conagra Brands has been named to the Dow Jones Sustainability North America Index for six consecutive years. Food giant General Mills (GIS) - Get Free Report said Wednesday it is buying Epic Provisions, an Austin, Texas-based maker of meat bars. GM to Idle Truck Plant But Not Due to Supply Issues. Thats why it came as no surprise when Justin Duke Havlick chose Left Hand Brewing Company, which upholds similar values of using uncomplicated ingredients, to help promote the newest trend of pairing craft beer with Dukes craft made jerky. Repeat. The Deal reported in December that Epic was seeking a sale, aided by investment bank Piper Jaffray & Co. Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. This press release contains forward-looking statements within the meaning of the federal securities laws. For more information, please contact: Please enter your username or email address to reset your password. About DUKE's Shorty Sausages . Thanasi Foods is a manufacturer and distributor of packaged snack foods. Natural Food Holdings is parent to the Niman Ranch brand of all-natural meat products. A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. Your information will be erased and your published posts will be reassigned to the site's admin account. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. In 2015 Thanasi brought on Encore Capital as an investor. Meanwhile, San Francisco-based private equity firm Encore Consumer Capital has invested in Boulder, Colo.-based Thanasi Foods, parent of Duke's Jerky. See the complete profile on LinkedIn and . This batch was freshly crafted with Roasted Hatch Chiles. Justin "Duke" has 3 jobs listed on their profile. Conagra Brands, Inc., headquartered in Chicago, is one of North America's leading branded food companies. Conagras last acquisition of a natural products company was last September, when it picked up Frontera Foods and Red Fork. (Consumer Nov 30. Conagra Brands was formed in fall 2016 when Conagra Foods separated its two businesses, consumer brands and frozen potatoes, into the Conagra Brands and Lamb Weston companies, respectively. The acquisition came only a week after Thanasi's brand Duke's debuted its shorty sausages and brisket products at the recent Expo West in Anaheim, California. Terms of the deal were not disclosed but Thanasi founder Justin "Duke" Havlick, along with his 64 employees, will remain on with Boulder, Colo.-based company. 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Gluten-free Nutrition . BIGS produces a line of premium seed snacks, including jumbo in-shell sunflower seeds, sunflower seed kernels and roasted pumpkin seeds. All Sponsored Content is supplied by the advertising company. Havlick founded the company 13 years ago with investment from friends and family. Interested in participating in our Sponsored Content section? For more information, visit www.BIGS.com. 111 Pine Street Suite 1825 San Francisco, CA 94111 Skip to main content. Enjoy. The firm has raised over $600 million in equity capital and invested in 25 companies. 600: Hand-hung and slow-dried for days in small limited-size batches. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. - Justin Duke Havlick. Visit our updated, Tart Cherries Tap Into Todays Top Trends, From Attar to Zaatar Exploring the World of Middle Eastern Flavors, Accelerating New Food Product Design and Development, 2nd Edition. Houlihan Lokey Capital, Inc. provided strategic and financial advisory services to Thanasi Foods. 312-549-5002 So DUKES Smoked Meats was born. BIGS partners with some of America's most-loved brands to bring big, bold flavor to seeds. Dukes products are made in small batches with quality ingredients and authentic hardwood smoke pairings. No worries. The company is moving closer to closing the factory. To ensure that valuable tech wont be handed over to Ford. One of the things that happened fairly gradually and unexpectedly about going from my early twenties to my late twenties (and now thirty) is that the prospect of carving out five hours to go into a code hole went from trivial to implausible just from sheer logistics. This is another exciting step in our ongoing efforts to reshape our portfolio to be more premium and modern, said Sean Connolly, president and chief executive officer of Conagra Brands. Tesla Wants $330M in Additional Nevada Tax Breaks. - Justin Duke Havlick. Encore came in as minority partner that really assisted some of our earlier members on a transition out, Havlick told NOSH. His inspiration was to bring unique flavors and a specialty, craft focus to two categories (seeds and smoked meat snacks) that were, at the time, somewhat less differentiated. The in-your-face, delicious Cayenne Jerky exudes big flavor and strongpepper notes. These special Southern-style Smoked Shorty Sausages are made with 100% pure hickory wood to add a bold, rustic smoked flavor that complements the ripe sweetness of the peaches. The thick, premium, hand-cut steak strips exude a meaty tenderness with undertones of whiskey and sticky-sweet molasses. The appetite for deals in the meat snacking industry in particular has been ravenous. An ideal partnership that helped solidify our strategic sale to Conagra!, Thanasi Foods Founder & CEO, Justin Duke Havlick, 111 Pine Street Suite 1825 San Francisco, CA 94111 ",mi="5;>:8493;1:=31:;@<03=16?5267A1:0",o="";for(var j=0,l=mi.length;j