General Mills Acquires EPIC Meat Snacks Maker
January 06 2016 - 10:11AM
Dow Jones News
By Anne Steele
General Mills Inc. said Wednesday that it has acquired meat
snacks company EPIC Provisions, which it will operate under its
Annie's foods business.
Financial terms of the deal weren't disclosed.
Austin-based EPIC, launched by competitive athletes in 2013,
created a meat, fruit and nut bar that comes in flavors including
Bison Bacon Cranberry, Chicken Sesame BBQ and Pulled Pork
Pineapple. The brand also offers jerky bites and trail mix.
The snacks are sold nationally in Whole Foods, Sprouts and
Natural Grocers stores as well as at sporting goods shops including
Recreational Equipment Inc.
Founders Taylor Collins and Katie Forrest will stay with the
business, which will remain in Texas following the acquisition.
The deal bolsters General Mills' bet that a bigger presence in
the natural-and-organic foods aisles will energize a business
sapped by flagging consumption of breakfast cereals and other
traditional fare.
The food giant said Wednesday that Annie's has experienced
strong sales growth since joining General Mills.
Write to Anne Steele at anne.steele@wsj.com.
(END) Dow Jones Newswires
January 06, 2016 09:56 ET (14:56 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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