U. p until 2007 or so, the jerky and snack meat market was mostly shared between four major players. See the complete profile on LinkedIn and . Following the completion of the transaction, the Dukes and BIGS brands will continue operating out of Boulder, Colorado. [1] The company was acquired by Conagra Brands in 2017.[2][3][4]. Made with Beef Collagen Casing Caramel Color, Carmine). Meanwhile, San Francisco-based private equity firm Encore Consumer Capital has invested in Boulder, Colo.-based Thanasi Foods, parent of Duke's Jerky. Both Havlick and the Thanasi team felt Conagra not only would embrace the BIGS and Dukes brands, but continue to help them grow. Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Duke's products are made in small batches with quality ingredients and authentic hardwood smoke pairings. - Justin Duke Havlick. The company is moving closer to closing the factory. Facebook gives people the power to. Calories 4 g. Sat Fat 410 mg. Now, see where he invests his money and why. Financial terms were not disclosed. https://www.linkedin.com/company/2233840. Dukes products are made in small batches with quality ingredients and authentic hardwood smoke pairings. Justin Duke Havlick, Dukes 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. at daniel.hare@conagra.com, INVESTORS: Johan Nystedt help you have the best experience while on the site. Jones Day served as legal counsel to Conagra Brands, Inc. TBC is pleased to announce the launching of TBC ESG Academy. 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. Duke's is a fast-growing premium meat snack brand, with products including Duke's Smoked ShortySausages and Duke's Steak & Brisket Strips. 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.. Brands, Duke's Grass-Fed Beef Brisket Sea Salt & Pepper . This is an incredibly exciting time for our brands and our team, and we are looking . 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 . As he grew older, Duke grew tired of the low-quality beef jerky that's often found in grocery stores and set out to start his own brand of premium meat snacks. This website uses cookies. and These forward-looking statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Interested in participating in our Sponsored Content section? The transaction is subject to customary closing conditions, including the receipt of regulatory approval, and is expected to close summer 2017. With the investment, more than 265 jobs will be retained across all three plants. This jerky brand is actually manufactured by Thansi Foods, LLC who are based out of Boulder, Colorado. 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. Tbilisi, Georgia 0179 The FINANCIAL. MEDIA: Dan Hare Thanasi Foods is a manufacturer and distributor of packaged snack foods. General Mills is not alone. Gluten free. 4. this website. This website requires certain cookies to work and uses other cookies to This batch was freshly crafted with: Classic spices & herbs: This is the recipe that started it all. The meat snacks company was founded in 2013 by Taylor Collins and Katie Forrest. CHICAGO, March 16, 2017 /PRNewswire/ --Today Conagra Brands, Inc. (NYSE: CAG) 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. The competition in the snack set will see some sibling rivalry with todays announcement that Conagra Brands, producer of DAVID seeds and Slim Jim, has entered into an agreement to acquire Thanasi Foods, maker of BIGS seeds and Dukes meat snacks. No worries. 2023 The in-your-face, delicious Cayenne Jerky exudes big flavor and strongpepper notes. 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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. 312-549-5355 will Justin started making his own jerky on his backyard smoker. This Batch was Freshly Crafted with Cilantro & Lime Juice: Our travels throughout Latin America inspired us to make these tangy smoked shorty sausages. 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. Below are the favorite pairings of Dukes Smoked Meats and Left Hand Brewing Company. 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. Products distributed by Thanasi Foods are available in approximately 45,000 supermarkets, convenience stores, grocery stores, and drug stores in the United States and Canada. 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. By visiting BIGS partners with some of Americas most iconic and loved ingredient brands to bring big, bold flavors to its seeds. We begin with a simple blend of classic spices before adding chopped green Italian parsley and a touch of real . There is no better place to kick back and enjoy a fresh, crisp brew than the Napa Valley of craft beer: Colorado. BIGS produces a line of premium seed snacks, including jumbo in-shell sunflower seeds, sunflower seed kernels and roasted pumpkin seeds. 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. 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. This is an incredibly exciting time for our brands and our team, and we are looking . 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. These risks and uncertainties include: the timing to consummate a potential transaction between Conagra Brands and Thanasi and BIGS; the ability and timing to obtain required regulatory approvals and satisfy other closing conditions; Conagra Brands' ability to realize the synergies contemplated by a potential transaction; Conagra Brands' ability to promptly and effectively integrate the business of Conagra Brands and Thanasi and BIGS; Conagra Brands' ability to achieve the intended benefits of acquisitions and divestitures, including the transaction described in this press release and the recent spin-off of Conagra Brands' Lamb Weston business; general economic and industry conditions; Conagra Brands' ability to successfully execute its long-term value creation strategy; Conagra Brands' ability to access capital; Conagra Brands' ability to execute its operating and restructuring plans and achieve its targeted operating efficiencies, cost-saving initiatives, and trade optimization programs; the effectiveness of its hedging activities, including volatility in commodities that could negatively impact its derivative positions and, in turn, its earnings; the competitive environment and related market conditions; Conagra Brands' ability to respond to changing consumer preferences and the success of its innovation and marketing investments; the ultimate impact of any product recalls and litigation, including litigation related to the lead paint and pigment matters; actions of governments and regulatory factors affecting Conagra Brands' businesses; the availability and prices of raw materials, including any negative effects caused by inflation or weather conditions; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the costs, disruption, and diversion of management's attention associated with campaigns commenced by activist investors; and other risks described in the reports filed by Conagra Brands from time to time with the Securities and Exchange Commission. JUSTIN "DUKE" HAVLICK Retail Locations: Store Locator by State Contact Us: Send Duke's Meats a Message Social Media: FaceBook/DukesMeats - Twitter/DukesMeats - Instagram/DukesMeats - Pinterest/DukesMeats Duke's Meats Best Beef Jerky Reviews - Duke's Meats Variety Is The Spice Of Life! Encore was a key strategic partner for me and our team at Thanasi. Encores current and prior investments include food and beverage companies (Aidells Sausage Company, Ancient Harvest, Brownie Brittle, Ciao Bella, Full Sail Brewing, Isopure, Navitas, PhillySwirl), personal care products companies (butter LONDON, MyChelle Dermaceuticals, LORAC, Tarte Cosmetics), and pet products companies (ThunderWorks, Zukes), among others. So DUKES Smoked Meats was born. 600: Hand-hung and slow-dried for days in small limited-size batches. [1] The company was acquired by Conagra Brands in 2017. Encore came in as minority partner that really assisted some of our earlier members on a transition out, Havlick told NOSH. About DUKE's Shorty Sausages . BIGS partners with some of Americas most-loved brands to bring big, bold flavor to seeds. It's not the easiest way to do things, or the quickest, but I think you'll agree you can taste the difference. Smoked meats. Why? The ale is a perfect balance between malt and hops, providing an approachable accompanimentwith a restrained sweet aftertaste. https://twitter.com/vendingmagazine View the profiles of people named Justin Duke. Take off your hats and salute Old Glory;the Stranger Pale Ale and Spicy BBQ are an all-American grand slam. "Encore provided strategic guidance to and unwavering confidence in our team to help us execute our vision," said Justin Havlick, Founder of Thanasi Foods. 2. General Mills said Epic will become part of its Berkeley, Calif.-based Annie's division, which is headed by John Foraker, that unit's president. This batch was freshly crafted with peach bbq relish. 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