Chicago — Second Nature Manufacturers (SNB) is getting into the $5 billion meat snacks market by way of an settlement to buy Tillamook Nation Smoker from Insignia Capital Group and household shareholders. The transaction marks the Chicago-based firm’s first enlargement into the sector and enhances its current portfolio of manufacturers, which incorporates Kar’s Nuts, Second Nature Snacks, Sahale Snacks, Sanders, Brownie Brittle, and Voortman. The acquisition contains Tillamook’s two manufacturing amenities in Oregon, together with its workforce of roughly 480 workers.
A press release from the corporate notes that Tillamook Nation Smoker generates greater than $175 million in gross sales of its clean-label meat snacks that features zero-sugar jerky, beef sticks, and sausages.
“Tillamook is a good addition to our rising portfolio of better-for-you snacks, identified for high quality pure elements, innovation, and constantly outperforming its rivals,” says Adam Butler, CEO of Second Nature Manufacturers. “With shopper demand for genuinely clear on-the-go protein snacks rocketing, we see improbable alternatives to leverage our joint experience and capabilities to convey Tillamook to much more discerning shoppers throughout the U.S.”
The corporate says the deal continues a fast consolidation technique, which is a portfolio firm of personal fairness agency CapVest Companions LLP. The corporate has expanded its market footprint in recent times with acquisitions together with Voortman in 2024, Sahale Snacks in 2023, and Brownie Brittle in 2022.
Tillamook CEO Shane Chambers says: “We’re extremely excited to be becoming a member of SNB, who share our values and keenness to ship shoppers solely the most effective clear top quality on-the-go snacks and vitamin. We all know the Tillamook model and enterprise will thrive underneath their stewardship.”
Monetary phrases of the settlement weren’t disclosed. Solomon Companions served because the monetary advisor to Second Nature Manufacturers for the deal, which is predicted to shut within the coming months topic to customary closing situations.
