Sector News

Conagra acquires Boomchickapop owner Angie’s Artisan Treats

September 25, 2017
Food & Drink

Conagra Brands has announced it has acquired Angie’s Artisan Treats, the maker of Angie’s Boomchickapop ready-to-eat popcorn, from private equity firm TPG Growth.

Financial terms were not disclosed and the transaction is expected to close by the end of the year. The gluten-free, non-GMO popcorn was rebranded from Angie’s to Angie’s Boomchickapop in 2012.

It was founded by husband and wife entrepreneurs Dan and Angie Bastian in 2001. They said that Conagra is the ‘perfect fit’ to take their business ‘to the next level’.

The brand features more than a dozen varieties of ready-to-eat popcorn. As well as its presence in the US, its products are available in, Canada, South Korea, Peru, the Caribbean and Mexico.

Conagra Brands CEO Sean Connolly said the deal is an important step in the company’s plan to ‘modernise our portfolio and accelerate growth’.

“The Angie’s Boomchikapop business is a leader in the fast-growing, better-for-you snacking segment,” he said. “It will be a great complement to our growing snack business. We are looking forward to working together to grow the brand and create value for our shareholders.”

Angie’s Artisan Treats CEO Mark Zurcher added: “The Angie’s Boomchickapop business has achieved exceptional growth through great teamwork between our team, Angie and Dan Bastian, our founders, as well as support from TPG Growth.

“The business has thrived, but is still in the early innings of realising its full potential. The goal from the beginning has been to make real connections with more consumers by bringing them our positive energy, bold flavors, whole grain goodness and authentic live out loud attitude.

“We are confident that the Angie’s Boomchickapop business will continue to expand its reach as a part of Conagra Brands.”


comments closed

Related News

October 2, 2022

Drinktec 2022: In review

Food & Drink

In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.

October 2, 2022

Alan Jope to step down as Unilever CEO

Food & Drink

Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

October 2, 2022

Lakeland Dairies names Colin Kelly as next group CEO

Food & Drink

Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.