Stryve Foods initiates review of “strategic alternatives”

US-based nutrient snacks shaper Stryve Foods has commenced a ceremonial reappraisal of “strategic alternatives” to thrust growth.

In a connection yesterday (29 April), the institution said it is exploring a scope of strategical options to rise superior successful enactment with “accelerating” request maturation and to maximise shareholder value.

“Potential outcomes of this process whitethorn include, but are not constricted to, a strategical investment, a concern combination, a merchantability of the institution oregon its assets, oregon different imaginable transactions,” the connection read.

The snacks shaper said nary timetable has been acceptable for the decision of the process, adding it does not program to supply further updates unless a “specific people of action” is approved by the committee of directors oregon different required by law.

Over the past 2 years, Stryve said it has made “significant advancement successful transforming its operations and driving demand” for its offerings. It has reported improvements successful wide concern show and chopped its successful losses "considerably".

In airy of ongoing superior constraints, the institution has been actively moving to rise funds to enactment “sustainable growth”.

Stryve Foods CEO Chris Boever said: “It is imperative that we unafraid the moving superior indispensable for america to conscionable lawsuit needs and to enactment america successful presumption to execute our near-term profitability plan.

“As we proceed to execute connected our strategy, we are exploring opportunities to further fortify our fiscal position, fulfill our contiguous moving superior needs, and accelerate growth."

Boever added that the concern is "exploring each viable options to presumption the institution for semipermanent occurrence and maximise worth for our shareholders and stakeholders”.

There is nary assurance the strategical reappraisal volition effect successful immoderate circumstantial transaction oregon outcome, the institution said.

Stryve Foods offers air-dried nutrient snacks marketed nether the marque names Stryve, Kalahari, Braaitime and Vacadillos.

The institution besides produces “human-grade” favored treats nether the brands Two Tails and High Steaks.

It distributes its products crossed large retail channels successful North America, including market and convenience stores, wide merchants, and e-commerce platforms specified arsenic Amazon and Walmart.

In October, Stryve Foods partnered with redistributor Dot Foods, aiming to boost the income of its nutrient snacks successful the US market.

The institution appointed erstwhile PepsiCo elder enforcement Kevin Vivian arsenic its committee president successful July.

"Stryve Foods initiates reappraisal of “strategic alternatives”" was primitively created and published by Just Food, a GlobalData owned brand.