Meanwhile, San Francisco-based private equity firm Encore Consumer Capital has invested in Boulder, Colo.-based Thanasi Foods, parent of Duke's Jerky. GM to Idle Truck Plant But Not Due to Supply Issues. 1. Dukes Cracked Pepper Beef Jerky & Left Hand Black Jack Porter. By closing this message or continuing to use our site, you agree to the use of cookies. All content from Kiddle encyclopedia articles (including the article images and facts) . 130 . For more information, please visit www.dukesmeats.com. All Rights Reserved BNP Media. Contact your local rep. Enjoy. Now, see where he invests his money and why. The valuation was said to be five times the approximately $20 million in revenue Epic was estimated to have generated in 2015. CAG) There is no better place to kick back and enjoy a fresh, crisp brew than the Napa Valley of craft beer: Colorado. block. Houlihan Lokey served as financial advisor and Brownstein Hyatt Farber Schreck, LLP served as legal counsel to Thanasi Foods LLC and BIGS LLC. 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 . "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.," said Justin "Duke" Havlick, founder and CEO of Duke's and Bigs. I believe smoked meats should be made with real ingredients. Are you sure you want to delete your account? This unique combination creates a robust harmony between the herbal and spice notes of both beer and jerky. 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 two terrific brands that are recognized in households across the U.S. Founded in 2004 by Justin "Duke" Havlick, the company continues with Duke's same original vision of producing sausage snacks that are made from 100% grass-fed beef, flavorful ingredients, and creative smoke parings. present CHICAGO, March 16, 2017 (PRNewswire) Today 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's meat snacks, and BIGS LLC (BIGS), maker of BIGS seeds. Financial terms of the deal were not disclosed. . Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. Conagra Brands, Inc. All Rights Reserved. We are published by the Brewers Association, the not-for-profit trade group dedicated to promoting and protecting Americas small and independent craft brewers. 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 Dukes meat snacks, and BIGS LLC (BIGS), maker of BIGS seeds. This website requires certain cookies to work and uses other cookies to CAG) With an ongoing commitment to corporate citizenship, Conagra Brands has been named to the Dow Jones Sustainability North America Index for six consecutive years. Subscribe - Today in Manufacturing Podcast, Smart Actuators Help Robot Valets Optimize High-Volume Automobile Storage and Retrieval, 5 Minutes with Epson's Nathan Cheng on Using AR to Make Better Decisions, 5 Minutes with Laserfiche's Grace Nam on Moving AI from Buzzword to Practical Operating Tool, Preview Days Videos Help Attendees Pre-Plan IMTS 2022 Agenda, How to Select Ideal IIoT & Networking Solutions. 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.. For Hormel, a maker of heavily processed foods, the deal was meant to transform the company while still falling within its broader agenda of focusing on higher-growth protein products. 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 two terrific brands that are recognized in households across the U.S. The in-your-face, delicious Cayenne Jerky exudes big flavor and strongpepper notes. Thanasi Foods is a manufacturer and distributor of packaged snack foods. No worries. CHICAGO, March 16, 2017 /PRNewswire/ -- Today Conagra Brands, Inc. announced that it has entered into a definitive agreement to acquire protein-based snacking businesses Thanasi Foods LLC ,. By visiting 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 are recognized in households across the U.S. Robert Brown, managing director of Encore Consumer Capital, said, "Thanasi Foods' founder and CEO Justin 'Duke' Havlick decided to bring on a strategic and financial partner, and we are . Dukes Original Shorty Sausage and the original Sawtooth Ale are a study in classic finesse that showcases how both a proper sausage and craft beer should be made. Founded by Justin "Duke" Havlick, Thanasi Foods is one of the top 10 food companies that industry sources identified for The Deal as being likely M&A targets. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. This is an incredibly exciting time for our brands and our team, and we are looking forward to working with the Conagra Brands team on the next chapter in our journey to take Duke's and BIGS to another level." - Justin Duke Havlick. For more information please visit www.EncoreConsumerCapital.com. Duke has raised the steaks The roots go deep on this meat. Havlick founded the company 13 years ago with investment from friends and family. Conagra 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. 600: Hand-hung and slow-dried for days in small limited-size batches. Thanasi was founded in 2004 by Justin "Duke" Havlick. Thanasi was founded in 2004 by Justin "Duke" Havlick. Epic's meat products are made from vegetarian-fed, humanely treated, antibiotic- and hormone-free animals. Snacks & Candy Conagra Brands to Acquire Thanasi Foods Duke's Meat Snacks and Bigs Seeds will join portfolio already stocked by Slim Jim and David Seeds By Abbey Lewis on Mar. Brownstein Hyatt Farber Schreck, LLP acted as legal counsel to Thanasi Foods. Thanasi Foods LLC is a leading maker of premium meat snacks, including Duke's Smoked Shorty Sausages and Duke's Brisket & Steak Strips. This is an incredibly exciting time for our brands and our team, and we are looking . 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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) At Dukes Small Batch Smoked Meats,our jerky-obsessed company prides itself on the craft of making jerky. U. p until 2007 or so, the jerky and snack meat market was mostly shared between four major players. host About a year ago, in late January, Hershey, Pa.-based confectionery giant Hershey (HSY) - Get Free Report acquired Sonoma, Calif.-based Krave Pure Foods Inc., the maker of Krave jerky products, for roughly nine times its revenue of $35 million, or more than $300 million. Inc. Focused on crafting the highest-quality smoked meat snacks available, the family-operated business refuses to take shortcuts and is committed to producing its products in small batches with real, whole ingredients, fresh never-frozen pork and chicken, 100% grass-fed beef, and authentic hardwood smoke pairings. . Ideally, you want to start by tasting the jerky first, smelling the aroma of the beer and then taking a sip, letting the flavors settle on your tongue. Conagra Brands (NYSE: CAG), headquartered in Chicago, is one of North Americas leading branded food companies. Both of the founders will stay involved with the business. Conagra Brands, Inc. announced it has entered into a definitive agreement to acquire protein-based snacking businesses Thanasi Foods LLC, maker of Duke's meat snacks, and BIGS LLC, maker of BIGS seeds. Brands, Their brands include Duke's Smoked Shorty Sausages and Bigs Sunflower Seeds. The companys portfolio is evolving to satisfy peoples changing food preferences. Serving Size 1.0 oz Amount per serving Calories 80 % Daily Value* Total Fat . 111 Pine Street Suite 1825 Conagra Brands has entered into a definitive agreement to acquire protein-based snacking businesses Thanasi Foods (Thanasi), maker of Duke's meat snacks, and BIGS, maker of BIGS seeds. BIGS produces a line of premium seed snacks, including jumbo in-shell sunflower seeds, sunflower seed kernels and roasted pumpkin seeds. The English-style porter has strong notes of dark chocolate and espresso that pair nicely with the peppercorn, brown sugar and espresso flavors of the Cracked Pepper Jerky. The Duke's jerky brand name was started in 2004 by Justin Havlick, aka "Duke". If you do not agree to the use of cookies, you should not navigate 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. ",mi="5;>:8493;1:=31:;@<03=16?5267A1:0",o="";for(var j=0,l=mi.length;j