Vista Outdoor will pay a total purchase price of $74 million for Camp Chef, comprised of $60 million in cash paid at closing and $14 million in cash to be paid out in equal installments on the first, second and third anniversaries of the closing date, subject to certain conditions described below. However, the effective purchase price is lower, due to value created by certain tax assets resulting from the transaction and the deferred purchase price structure, leading to an effective multiple of approximately 6.4x Camp Chef's expected calendar year 2016 EBITDA. Vista Outdoor financed the purchase price paid at closing using borrowings under its existing revolving credit facility. Vista Outdoor expects the acquisition to be slightly accretive to FY17 earnings per share (EPS), including impacts associated with transaction expenses. A majority of the payment of $14 million of deferred purchase price will be contingent on continued employment of key members of management and certain other conditions. As a result, Vista Outdoor plans to record the payments conditioned on continued employment as a compensation expense in future periods in accordance with GAAP. However, for purposes of presenting certain non-GAAP financial measures, including adjusted EPS, Vista Outdoor expects to treat those deferred payments as deferred purchase price and will therefore adjust the payments out of its financial results in future periods as payments are made. The purchase price will also be subject to a customary working capital adjustment. Additional information, including impact on full-year guidance, related to Camp Chef will be presented during Vista Outdoor's second quarter FY17 earnings call and webcast.
This smoker is one totally awesome product. It is more that just a smoker, it is a true convection oven, we have baked bread in it! As for being able to hold the temp for low and slow, wonderful. The beef that I smoked was delectable. I just this week smoked 10 venison loins at the same time; it took 1 hour for the most tender, delicious venison I have ever tasted!
Personal review of the Traeger: The auger fed the pellets after the fire pot went out making a large pile up which caused it to catch fire and burn up my grill. I had to use a fire extinguisher to put out the flames and prevent my house from catching fire. I sent Traeger the description of damages with photos. After much waiting and no response from the management team regarding my Traeger grill we gave up. The service team was very responsive but lacked any authority to make decisions to fix the grill. We worked with the service team for awhile having a different person each time respond and request information and photos that were already provided. Then, we got passed up to the management which is highly ineffective because we never heard from them, even after an email requesting an update. We really did like our Traeger grill and had high hopes that since it was under warranty and caught fire due to a failure we would have the grill repaired. Because of the terrible unresponsive service of Traeger we took our money and purchase a Green Mountain Grill.
The real innovative feature of this monster pellet grills is that with it can be divided into two independent grills or opened up into one that can accommodate a whole hog (though a rather small one). The best part of this is that it can be a 600 square inch pellet grill when it needs to be or a 1,200 square inch grill when it has to be. For the person who might need to do a lot of cooking once in a while, this is a very good option. With two pellet controllers, mounted on opposite ends this pellet grills has all the versatility imaginable.
At Grills Forever, we work hard to bring you the best product reviews possible through an extensive online research process. We go through countless online reviews and browse through different brands, both known and unknown. We then go through their features and the value they can provide to the users. We shortlist the top products to do physical testing and then come up with a review. We do this on a regular basis to keep our list up-to-date.
Explicitly designed as a tailgate smoker with maximum portability and accessibility, the Davey Crockett does what it does really well. It’s small, but it’s so easy to move and runs off of damn near any power source, so if you want a wood pellet smoker you can take literally anywhere with maximum portability and style, this is the one. That’s why in my opinion, this is the best pellet smoker out there for the money.
RT 700 offers a Front Folding Shelf and has its own set of meat probe to monitor meat temperature while the grill smoke is infusing with the meat. Its Stainless Steel body protects it from rust and the colors from cracking or peeling. With its built-in WiFi-enabled control, coupled with Rec Tec’s proprietary PID algorithm, you will have control over your cooking process remotely using your wireless devices.
If you live in an area where wood furnaces are used (not like down here in FL where a few heat strips will do the trick), you may also be familiar with pellet furnaces. In short, pellets compressed from sawdust and wood shavings fill a hopper and are then fed into a burn pot using an electric auger system. The auger, which is basically a long screw, delivers pellets to the burn pot based on the speed dictated by the unit’s thermostat.
Bought a Traeger Timberline 850. A lot of money but it's a great smoker. It has WiFire so you can cook based on their recipes right from your iPhone. The problem is with their recipes that aren't built into their app. Nobody proofreads the things so many of them are useless. Just one example - Santa Maria Tri-Tip: smoke for 4-5 hours. At what temperature? 165 F, 250 F, or 500 F? It makes a bit of a difference ! I suspect they pay people to write, and post recipes so the can say they have thousands of (what are actually useless) recipes.
Cooking a lot of food is easy when using Camp Chef’s Flat Top Grill. The large surface area will enhance your cooking experience giving you plenty of room to work so cooking is done efficiently. Included is an interchangeable flat top griddle making it easy to cook pancakes, bacon and eggs, sausage, and hash browns - all at once. Then switch to grilled burgers, kabobs, and chicken for the next meal. Four individual burners provide heat in specific areas creating heat zones that will help you manage hot foods. Built in matchless ignition knobs control the heat and flame. Fold-down side shelves and roller wheels are added for convenience.
Maintenance is an issue. There are moving parts on these grills. Moving parts eventually break. There is an auger with a motor, and a fan with a motor. There are proprietary electronics systems on these babies. Augers clog. Motors burn out. Electronics have bugs or fail. Especially when exposed to rain, snow, hot, and cold. When they fail, will the manufacturer have a replacement part?
Add humidity to your grilling environment while also Add humidity to your grilling environment while also adding smoker flavor. This dual smoker/humidifier can accommodate liquids and wood chips or pellets for delicious succulent foods. The even heat of the cast iron heats the liquid in its reservoir creating steam that permeates the food on the grill. The open ... More + Product Details Close