FOR IMMEDIATE RELEASE
Newton Lower Falls, MA, October 2, 2014 – TPG Growth has acquired Angie’s Artisan Treats, a significant player in the healthy snacks segment, from Company founders Angie and Dan Bastian and Sherbrooke Capital.
Angie’s Boomchickapop is a national snack brand distributed in natural food, grocery, club and mass retail outlets in all 50 states as well as in Canada. The Company has achieved significant growth since its founding in 2001 in North Mankato, Minnesota, as consumers seek healthier snack alternatives. Angie’s Boomchickapop’s products begin with a commitment to use only high-quality, whole grain, gluten-free, non-GMO ingredients, and provide healthy options while also delivering a great taste experience.
Sherbrooke Capital has worked closely with Angie and Dan to build out the team, develop the company’s brand and growth strategy and optimize the operations infrastructure. “Over the past four years, we’ve been honored to partner with Angie’s Boomchickapop on its path to becoming the #1 natural popcorn brand,” said John Giannuzzi, Managing General Partner at Sherbrooke Capital. “TPG’s investment reaffirms the confidence we’ve had all along in the Company’s success and its potential.”
“We would like to thank the Sherbrooke team for its unbelievable support and guidance over the past four years,” said Dan Bastian, Co-Founder & CEO. “It has been an incredible experience.”
About Angie’s Artisan Treats
Husband and wife entrepreneurs Dan and Angie Bastian founded Angie’s Artisan Treats in 2001 as a family-run, outdoor vendor operation selling Angie’s classic Sweet & Salty Kettle Corn recipe. Today, Angie’s has increased in sales and popularity, having grown into a national player with a strong consumer following. Angie’s lineup of great-tasting products includes flavors such as Boomchickapop™ Sea Salt, Sweet & Salty, Lightly Sweet, White Cheddar and Caramel & Cheddar Mix, as well as new innovations such as Salted Caramel and Sweet & Spicy Kettle Corn. www.angiespopcorn.com
About Sherbrooke Capital
Sherbrooke Capital is a leading growth capital private equity firm focused exclusively on investing in emerging consumer companies in the rapidly growing healthy, active and sustainable living market. Sherbrooke seeks to be the preferred provider of growth equity capital in the space by working closely with entrepreneurs to nurture and develop exceptional businesses and innovative brands that engage and inspire today’s increasingly health-conscious consumer. www.sherbrookecapital.com
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm which has $66 billion of assets under management. TPG Growth targets investments in a broad range of industries and geographies, utilizing leveraged buyout, growth equity, and private investment in public equity (PIPE) structures. TPG Growth has offices in the United States, China, India and Singapore. www.tpggrowth.com.