Angie's Artisan Treats makes Angie's® BOOMCHICKAPOP® Ready-To-Eat Popcorn
Conagra Brands, Inc. entered into a definitive agreement to acquire 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. Financial terms were not disclosed. The transaction is expected to close by the end of the calendar year, subject to customary closing conditions, including the receipt of regulatory approvals.
"Adding the Angie's BOOMCHICKAPOP brand to Conagra's portfolio is another important step in our ongoing plan to modernize our portfolio and accelerate growth," said Sean Connolly, president and chief executive officer of Conagra Brands. "The Angie's BOOMCHICKAPOP business is a leader in the fast-growing, better-for-you snacking segment. 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."