#1 Jerky Brand in the Natural Channel Closes
Round Funded by Monogram Capital Partners
Country Archer Jerky Co., the fastest growing jerky brand in the
natural channel, has raised $10 million from Monogram Capital
Partners, a Los Angeles-based private equity firm focused on growth
consumer and retail investments. The new capital infusion marks the
third investment Monogram has made in the vertically integrated
brand and will enable Country Archer to more than double production
capacity at its Southern California-based facility to support
exploding consumer demand for its line of clean, gourmet meat
snacks.
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Country Archer Jerky Co., the fastest
growing jerky brand in the natural channel, has raised $10 million
from Monogram Capital Partners, a Los Angeles-based private equity
firm focused on growth consumer and retail investments. (Graphic:
Business Wire)
A heritage brand that first began crafting gourmet jerky more
than 30 years ago, Country Archer makes all its jerky at its 30,000
square foot manufacturing plant in San Bernardino. Here the savory
aromas of slowly cooked and marinated grass-fed beef and
antibiotic-free turkey fill the air daily. More than 100 local
employees comprise the production team responsible for creating the
brand’s signature, irresistibly delicious meat snacks. The recent
move to pursue a new round of investment with the sole focus of
increasing this production capacity was made following a record
year of growth for Country Archer in Q1-Q3 of 2018.
“What we do at Country Archer is so much more than selling and
marketing beef jerky; we are helping to keep the craft of artisan
jerky alive by slow cooking our meats in small batches every single
day,” said Eugene Kang, CEO & Co-founder at Country Archer
Jerky Co. “Having our own dedicated facility and in-house team are
critical components to our success as it enables us to capture
better gross margins and increase efficiency while of course
controlling the quality of every ingredient and the final product.
We’re beyond thankful for our partners at Monogram who’ve believed
in our mission to change the way people think about meat snacks and
are excited about how this new round of funding will enable us to
scale quickly and increase production capacity wise.”
Already the #1 jerky brand in the natural channel, Country
Archer recently achieved an incredible 25,000+ distribution points
across the U.S., in addition to launching in Canada for the first
time, and unveiling new Meat Bars in June. The bars were met with
immediate positive response going into distribution with retailers
like Target, Sprouts, Lucky’s Market, Raley’s, Natural Grocers,
Town and Country Markets, New Seasons Market, 7-Eleven and many
more. The brand was also named one of the fastest growing companies
in 2018 on the Inc. 5000 list.
“While the jerky aisle has become increasingly crowded, a clear
separation has emerged in terms of those brands that are driving
outsized velocities relative to peers through elevated quality and
repeat customer loyalty – and no one is doing this better than
Country Archer,” said Jared Stein, Founder & Partner at
Monogram Capital Partners. “This is our third investment in the
brand and we strongly believe this will help Country Archer further
separate from the pack and bring to market some exciting new
innovation that is already well underway. The ability to double
production capacity in-house is a game changer for Country Archer,
who is seeing accelerated velocities consistently across all of its
major retailer partners.”
All Country Archer foods are made with the highest quality
ingredients, including cuts of extra-lean, USDA-inspected 100
percent grass-fed beef and antibiotic-free turkey, and are free of
nitrites, MSG, gluten, soy, antibiotics and added hormones. Country
Archer meat snacks are available at conventional, natural, mass,
and convenience stores nationwide, including Starbucks, Whole Foods
Market, Wegmans, Walgreens, Walmart, Target, 7-Eleven, Safeway,
Smart & Final, Love’s Travel Centers, Speedway, WaWa, Pilot
Flying J and Travel Centers of America. For product and sales
inquiries, please contact info@countryarcher.com. To learn more
about Country Archer, please visit www.countryarcher.com.
About Country Archer Jerky
Co.
Country Archer Jerky Co. is a leading producer of delicious
gourmet jerky, meat sticks and meat bars. The largest jerky brand
in the natural channel, Country Archer crafts all its meat snacks
with high-quality, premium and clean ingredients. Made for outdoor
adventurers, busy parents, athletes, and all of the everyday doers
who want more from their food, Country Archer pushes the envelope
with innovative and mouthwatering flavors, and responsibly sourced
and organic local ingredients. A great source of protein, each meat
snack is crafted with gourmet cuts of extra-lean, USDA-inspected
100 percent grass-fed beef, tender antibiotic-free turkey and pork.
All Country Archer products are free of nitrites, MSG, gluten, soy,
antibiotics and added hormones. Country Archer meat snacks are
available nationwide at fine retailers, including Whole Foods
Market, The Fresh Market, Kroger, Starbucks, Sprouts, Target,
National Co+op Grocers, Walgreens, 7-Eleven, Safeway, Costco,
Wegmans and more. To learn more about Country Archer, visit
www.countryarcher.com, ‘like’ us on Facebook, or follow us on
Instagram or Twitter.
About Monogram Capital
Partners
Headquartered in Los Angeles, CA, and founded in 2014, Monogram
Capital Partners has >$200 million in equity capital under
management and focuses exclusively on investing in emerging
consumer and retail brands. The firm seeks opportunities to partner
with founders and strong management teams, typically investing
$5-30 million of equity per transaction. The investment in Country
Archer represents the firm’s fifteenth investment across ten
platform portfolio companies.
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Media Contact:Rachel Kay Public RelationsGeorgia Woodard,
858-750-0943Georgia@rkpr.net