Private equity firm TPG Growth has picked up a stake in popcorn group Angie's Artisan Treats, adding to a growing trend in better-for-you snack M&A that reflects consumer eating habits.
Angie's, which does business as Angie's Boomchickapop, makes snacks that are distributed in natural food, grocery, club and mass retail stores. The company makes whole grain, gluten-free, non-GMO snack foods. Angie's was founded in 2001 by husband-and-wife team Dan and Angie Bastian, and started out by selling the company's sweet and salty kettle corn. Now the company makes several flavors of popcorn, including caramel, cheddar and sea salt. Terms of the deal were not disclosed.