CHICAGO, Oct. 23, 2017 /PRNewswire/ -- Today 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. The popcorn is proudly sold in natural food,
grocery, club, drug and mass retail outlets nationwide with a
product presence in Canada,
South Korea, Peru, the Caribbean and Mexico. Angie's BOOMCHICKAPOP is loved by fans
as a positive, empowered brand that makes real food with
simple ingredients and delivers a hugely-flavorful taste
experience.
About TPG Growth
TPG Growth is the middle market and growth equity investment
platform of TPG, the global alternative asset firm. With more than
$8.3 billion of assets under
management, TPG Growth targets investments in a broad range of
industries and geographies. TPG Growth has the deep sector
knowledge, operational resources, and global experience to drive
value creation, and help companies reach their full potential. The
firm is backed by the resources of TPG, which has more than
$73 billion of assets under
management. For more information, visit www.tpggrowth.com.
For more information, please contact:
MEDIA:
Dan Hare
312-549-5355
daniel.hare@conagra.com
INVESTORS: Brian Kearney
312-549-5002
ir@conagra.com
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SOURCE Conagra Brands, Inc.