|Angie’s Artisan Treats makes the Boomchickapop flavored popcorn and kettle corn.|
NORTH MANKATO, MINN. — TPG Growth, a private equity firm based in Fort Worth, Texas, has acquired a stake in Angie’s Artisan Treats, the makers of the Boomchickapop flavored popcorn and kettle corn. Terms of the transaction were not disclosed.
Started in 2001 by Angie and Dan Bastian, Angie’s Artisan Treats has grown from an outdoor vending operation to a snack manufacturer with distribution in natural, supermarket, club and mass-merchandising retail outlets.
“We are delighted to join forces with the Angie’s Boomchickapop team and to help them build upon an already strong foundation,” said John Bailey, principal at TPG Growth. “Dan and Angie’s approach and commitment to core values are consistent with our own philosophy, and the company has done a tremendous job of thoughtfully building the brand and assembling a high-quality team. Angie’s Boomchickapop is well-positioned to drive additional growth in the category by continuing to offer healthier, great-tasting snack alternatives to its consumers, and we are excited to continue our long track record of partnering with companies to add resources and to help capture the significant opportunities that lie ahead.”
TPG Growth acquired the stake in the company from another private equity firm, Sherbrooke Capital.“Over the past four years, we’ve been honored to partner with Angie’s Boomchickapop on its path to becoming the No. 1 natural popcorn brand,” said John Giannuzzi, managing general partner at Sherbrooke Capital, Newton Lower Falls, Mass. “TPG’s investment reaffirms the confidence we’ve had all along in the Company’s potential and provides the resources and expertise to take it to the next level.”