The Duke meat snacks and Bigs brands will be added to Conagra's product portfolio, which includes Slim Jim meat snacks and David Seeds. The buyer is Justin "Duke" Havlick, president and CEO of Boulder-based Thanasi Foods, which sells Frank's Redhot Beef Jerky, Jim Beam Beef Jerky, Stubbs BBQ Beef Jerky, Duke's Smoked Shorty Sausages, Duke's Beef Steak Strips and Bigs Sunflower Seeds. The firm has raised over $600 million in equity capital and invested in 25 companies. Encore invested as a minority partner in Thanasi Foods in 2015 to provide liquidity to some of the company's early investors. BIGS produces a line of premium seed snacks, including jumbo in-shell sunflower seeds, sunflower seed kernels and roasted pumpkin seeds. Following the completion of the transaction, the Dukes and BIGS brands will continue operating out of Boulder, Colorado. 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. By visiting this website, certain cookies have already been set, which you may delete and block. This is an incredibly exciting time for our brands and our team, and we are looking . Now, see where he invests his money and why. Financial terms of the deal were not disclosed. His love of smoked meats really kicked into high gear when a neighbor gave him an old backyard smoker. BIGS partners with some of America's most iconic and loved ingredient brands to bring big, bold flavors to its seeds. The smooth, malty sweetness of the Milk Stout balances the smoky bourbon glaze, leaving your palatewith a velvety mouthful, perfect for a night by the fire. Hickory hardwood smoke: Smoked with 100% pure hickory wood for a deep, traditional smoke flavor. Havlick told NOSH that hes excited to join the Conagra family both personally and professionally. While this segment of his Thanasi journey may be complete, Havlick is excited for what the future will bring. 2023 Industrial Media, LLC. The Good Juju provides a delicious transition to a sweet spice of ginger, leaving your palateclean, refreshed and savoring a perfect balance between spice and heat. 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Houlihan Lokey served as financial advisor and Brownstein Hyatt Farber Schreck, LLP served as legal counsel to Thanasi Foods LLC and BIGS LLC. Thanasi Foods will continue to be led by Justin Havlick and the existing leadership. document.getElementById("eeb-49608-174680").innerHTML = eval(decodeURIComponent("%27%69%6e%66%6f%40%65%6e%63%6f%72%65%63%6f%6e%73%75%6d%65%72%63%61%70%69%74%61%6c%2e%63%6f%6d%27"))*protected email*. Small batch care: Batch case qty. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Based in Boulder, CO, BIGS produces a line of premium, USA-grown seed snacks, including jumbo, fire-roasted in-shell sunflower seeds, sunflower seed kernels, and homestyle-roasted pumpkin seeds. will 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 . The first bite of the Hot & Spicy Sausages leaves your palatewith a manageable spiciness filled with accents of paprika. Financial terms were not disclosed. BIGS partners with some of America's most-loved brands to bring big, bold flavor to seeds. We roast them, dice them thick, and let the natural chile oils infuse the . It's no wonder why hatch chiles have become famous through the decades. 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. This batch was freshly crafted with roasted hatch chiles. The in-your-face, delicious Cayenne Jerky exudes big flavor and strongpepper notes. Stories and opinions shared on CraftBeer.com do not imply endorsement by or positions taken by the Brewers Association or its members. We are looking forward to working with the Thanasi team to grow the brands further and create value for our shareholders.. Sodium 2 g. Sugars Nutrition Facts . Nov 30. 2023 TheStreet, Inc. All rights reserved. By continuing to use this website you are giving consent to cookies being used. daniel.hare@conagra.com, INVESTORS: Johan Nystedt The agency says consumers dont assume that the products come from dairy animals. 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. 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. Duke's products are made in small batches with quality ingredients and authentic hardwood smoke pairings. The company was acquired by Conagra Brands in 2017. MEDIA: Dan Hare 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. For more information, please visit www.dukesmeats.com. Houlihan Lokey served as financial advisor and Brownstein Hyatt Farber Schreck, LLP served as legal counsel to Thanasi Foods LLC and BIGS LLC. Encore was a key strategic partner for me and our team at Thanasi. This batch was freshly crafted with Roasted Hatch Chiles. For more information, please visit www.dukesmeats.com. By visiting 2. (415) 296-9850, directions Duke has raised the steaks The roots go deep on this meat. The founder maintained a significant minority share of the Company. To ensure that valuable tech wont be handed over to Ford. General Mills, along with a number of the other food giants, has been stocking up on makers of natural and organic food due to the decline in the volume of more highly processed foods that include ingredients not considered natural. It's not the easiest way to do things, or the quickest, but I think you'll agree you can taste the difference. 17, 2017 Havlick founded the company 13 years ago with investment from friends and family. Financial terms were not disclosed. Ford Vehicles Could Soon Repossess Themselves. Their brands include Duke's Smoked Shorty Sausages and Bigs Sunflower Seeds. Brands, and Encore Consumer Capital has completed the sale of Thanasi Foods, marketer of the Duke's and BIGS snack brands, to Conagra Brands. 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. Are you sure you want to delete your account? Thats why we proudly wear the seal and you can too. Hershey did the deal to grow its share of convenience store shelves. Encore Consumer Capital, a private equity firm that invests exclusively in leading consumer products companies, has completed the sale of Thanasi Foods, marketer of the Duke' s and BIGS snack brands, to Conagra Brands, one of North America' s leading branded food companies. Justin's address history includes 485 College Ave, Boulder, CO 80302. 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. BOULDER Conagra Brands Inc. (NYSE: CAG) has agreed to acquire Thanasi Foods LLC, maker of Duke's meat snacks, and BIGS LLC, maker of BIGS seeds. 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! 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. "Encore provided strategic guidance to and unwavering confidence in our team to help us execute our vision," said Justin Havlick, Founder of Thanasi Foods. The company's portfolio is evolving to satisfy people's changing food preferences. Metal Plant Explosion Kills Maintenance Worker. We caution readers not to place undue reliance on any forward-looking statements included in this press release, which speak only as of the date of this press release. Contact your local rep. Thanasi Foods is a manufacturer and distributor of packaged snack foods. Houlihan Lokey Capital, Inc. provided strategic and financial advisory services to Thanasi Foods. 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 Dukes and BIGS to another level. Havlick continued, The Conagra Brands team values our brand beliefs and is committed to continuing to use quality ingredients and the craft methods that deliver the creativity and flavor our consumers and fans love today.. Inc. We begin with a simple blend of classic spices before adding chopped green Italian parsley and a touch of real . The buyer is Justin "Duke" Havlick, president and CEO of Boulder-based Thanasi Foods, which sells Frank's Redhot Beef Jerky, Jim Beam Beef Jerky, Stubbs BBQ Beef Jerky, Duke's Smoked Shorty. These on-trend brands extend our meat snacks and seeds businesses into faster-growing, more premium segments. The presenters were Justin "Duke" Havlick (Duke's Small Batch Smoked Meats), Mike Lawinski (FATE Brewing Company), and Jason Oliver (Devils Backbone Brewing Company). The plant suffered "pretty catastrophic" damage. 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. Action Alerts PLUS is a registered trademark of TheStreet, Inc. stocking up on makers of natural and organic food. Duke's is a fast-growing premium meat snack brand, with products including Duke's Smoked ShortySausages and Duke's Steak & Brisket Strips. (function(){var ml="mcte4ial%0onurfps. 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. Thanasi Foods LLC is a leading maker of premium meat snacks, including Duke's Smoked Shorty Sausages and Duke's Brisket & Steak Strips. Justin Duke Havlick. The startup will also lay off 300 employees. We begin with a simple blend of classic spices before adding chopped green Italian parsley and a touch of real roasted garlic to give these Smoked Shorty Sausages their authentic old world flavor. This Batch was Freshly Crafted with Cilantro & Lime Juice: Our travels throughout Latin America inspired us to make these tangy smoked shorty sausages. The decision could signal a sea change in the auto industry. Growing up camping, Justin "Duke" Havlick was constantly trying new beef jerkies and smoked meats throughout his youth. 312-549-5355 Dukes Hot & Spicy Shorty Smoked Sausages & Left Hand Good Juju. The chemicals maker has been hit by high energy prices. All Rights Reserved BNP Media. . Natural Food Holdings is parent to the Niman Ranch brand of all-natural meat products. See the complete profile on LinkedIn and . Chicken, bison, beef, pork and turkey are used in their products. 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. 7 g protein with 2 g of total sugar per serving. From the cut of meat, to the simplest of ingredients, all the way to the preparation and smoking techniqueswe consider every detail an art. An ideal partnership that helped solidify our strategic sale to Conagra!" Thanasi Foods Founder & CEO, Justin "Duke" Havlick Prev All Next By closing this message or continuing to use our site, you agree to the use of cookies. Sign up and we will deliver our newsletter to your inbox highlighting our latest and greatest stories. (415) 296-9850, directions The strips are smoked slowly until they reaches a level of utmost tenderness and replicate a fall-off-the-bone feel and taste. Meanwhile, San Francisco-based private equity firm Encore Consumer Capital has invested in Boulder, Colo.-based Thanasi Foods, parent of Duke's Jerky. BIGS produces a line of premium seed snacks, including jumbo in-shell sunflower seeds, sunflower seed kernels and roasted pumpkin seeds. This unique combination creates a robust harmony between the herbal and spice notes of both beer and jerky. Conagra Brands, Inc. All Rights Reserved. General Mills is not alone. A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. It's no wonder why Hatch chiles have become famous through the decades. and cookie policy to learn more about the cookies we use and how we use your As a kid, Duke was an Eagle Scout who grew up running around the Rocky Mountains searching out roadside jerky stands and exploring Colorado's back country with his family. . dukesmeat.com. Take off your hats and salute Old Glory;the Stranger Pale Ale and Spicy BBQ are an all-American grand slam. No MSG. 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. "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. 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. Gluten free. The carmaker's new patent is raising some eyebrows. Made with Beef Collagen Casing Caramel Color, Carmine). Tesla Wants $330M in Additional Nevada Tax Breaks. All content from Kiddle encyclopedia articles (including the article images and facts) . This action cannot be undone. The Deal reported in December that Epic was seeking a sale, aided by investment bank Piper Jaffray & Co. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. * The % Daily Value (DV) tells you how much a nutrient in a serving of food contributes to a daily diet. the It's not the easiest way to do things, or the quickest, but I think you'll agree you can taste the difference. will Both Havlick and the Thanasi team felt Conagra not only would embrace the BIGS and Dukes brands, but continue to help them grow. There is no better place to kick back and enjoy a fresh, crisp brew than the Napa Valley of craft beer: Colorado. 80 . The company was acquired by Conagra Brands in 2017. We proudly have grown and driven the growth of our business through organic growth and utilization of that profitability year over year to drive our capitalization. Just log in using your Google, Facebook or Twitter account and fill out a quick form to share your latest and greatest with craft beer fans across the country. We add chopped cilantro leaves and lime juice to our traditional chorizo seasoning blend for an authentic, freshly-made street taco flavor. Collins and Forrest both had tried myriad diets, but concluded lean meats were among the best food options for a physically active lifestyle and set out to create snacks that incorporated them. Food giant General Mills (GIS) - Get Free Report said Wednesday it is buying Epic Provisions, an Austin, Texas-based maker of meat bars. CraftBeer.com is fully dedicated to small and independent U.S. breweries. ir@conagra.com, CONAGRA BRANDS ANNOUNCES DETAILS OF FISCAL 2023 THIRD QUARTER EARNINGS RELEASE, WEBCAST AND CONFERENCE CALL. Made with a peach bbq relish. First Crewed Hydrogen Flying Race Car Unveiled. There is no assurance that the potential transaction will be consummated, and there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. BIGS partners with some of America's most iconic and loved ingredient brands to bring big, bold flavors to its seeds. Justin lived in Boulder, CO and Longmont, CO before relocating to their current city. 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. 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 Dukes and BIGS to another level. Havlick continued, The Conagra Brands team values our brand beliefs and is committed to continuing to use quality ingredients and the craft methods that deliver the creativity and flavor our consumers and fans love today.. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. We then smother each strip individually in a marinade of . 130 . 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. , between 8am-1pm PST, some services may be impacted, beef pork. And strongpepper notes EARNINGS RELEASE, WEBCAST and CONFERENCE CALL news Alerts, and let the natural chile infuse! 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