Conagra Brands Completes Acquisition Of Angie's Artisan Treats
OREANDA-NEWS. October 24, 2017. Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the acquisition of Angie's Artisan Treats, LLC, the maker of Angie's BOOMCHICKAPOP ready-to-eat popcorn, from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, for $250 million. The definitive agreement to acquire Angie's was announced on September 22, 2017.
The Angie's BOOMCHICKAPOP brand was founded by husband and wife entrepreneurs Dan and Angie Bastian, who will continue to actively support the business as part of Conagra Brands. The brand features more than a dozen varieties of ready-to-eat popcorn and is available nationwide in natural food, grocery, club, drug and mass retail outlets. Angie's BOOMCHICKAPOP has a presence in the U.S., Canada, South Korea, Peru, the Caribbean and Mexico.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Marie Callender's®, Reddi-wip®, Hunt's®, Healthy Choice®, Slim Jim® and Orville Redenbacher's®, as well as emerging brands, including Alexia®, Blake's®, Frontera® and Duke's®, offer choices for every occasion. For more information, visit www.conagrabrands.com.
About Angie's Artisan Treats, LLC
Husband and wife entrepreneurs Dan and Angie Bastian founded the snack company out of their garage in 2001 in Mankato, MN as a means of teaching their children the value of hard work and creating a college fund for them. They also wanted to create a snack they felt good about feeding them. Their gluten free, non-GMOwhole grain popcorn was rebranded from Angie's to Angie's BOOMCHICKAPOP in 2012.