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.
Cooking Area – Search for one with a substantial cooking region. Keep in mind that pellet barbecues arrive in an extensive variety of sizes. In this manner, pick a unit that can meet your size necessities in light of its cooking territory. You don’t need to purchase an additional extensive unit in case you’re utilizing the grill for your home. Check for the physical measurements of the item and figure out which one can fit your space and stay aware of your cooking style and lifestyle.
This cooker is still the best value for the dollar for pellet grills I have been looking again for a larger rig, but haven't found one better. If you are looking for an entry level pellet grill this is the one you want. Don't be discouraged by the reviews that talk about leaking smoke or not sealing well because it does leak smoke everywhere. Look at the pic I attached to my review you can see it for yourself it does, but isn't it silly to buy a smoker that doesn't smoke. If you ever go to a BBQ competition you will see most of their smokers leak smoke also.
Whenever pellet grill owners complain about temperature swings or losing their fire mid-cook, the first question we ask is “What pellets are you using?” Many times it’s a cheap, low-quality brand that produces excessive ash, which can interfere with the sensors that help regulate cooking temperatures. In that case, fix is simple: use better pellets that burn cleanly and regularly clean any residual ash from the grill. Often that’s all it takes, and the next time we hear from the customer it’s to order more pellets.
Generally speaking cheap grills are not made with quality materials. While the outside may look good, often times you will find the guts of the grill are made with lower grade metals. This of course affects functionality and longevity. If the inside of the grill isn’t made using quality materials you will literally burn through it over a certain period time.
It offers 700 sq. in. of cooking space and a powerful thermostat for a higher price, but makes up for it as soon as you start cooking on it. Also, it has a stunning design with the bull horns, which sets it apart yet again. But if you find yourself not spending as much and could do with a lesser cooking space, then the Camp Chef PG24 is a no-brainer for you.
"The Camp Chef transaction aligns with Vista Outdoor's strategy to deliver long-term value through acquiring complementary, market-leading brands that will benefit from Vista Outdoor's balance sheet, distribution network, and sales and marketing expertise," said Chairman and Chief Executive Officer Mark DeYoung. "Led by an entrepreneurial management team, Camp Chef has a nimble and responsive product development process. Camp Chef continues to grow its market share in the outdoor cooking category, and the brand serves many of our current consumers who are engaged in a wide variety of outdoor pursuits. Acquiring Camp Chef strengthens our leadership position in outdoor recreation, allows us to enter the growing camping and outdoor cooking market, and the brand's effective multi-product, multi-channel strategy increases our presence across both brick-and-mortar and ecommerce distribution platforms."
Regardless, it’s worth mentioning the basic types of pellets available on the market to get you started. First there are the hardwood pellets, made from the sawdust from any specific type of hardwood, such as ash, cherry, maple, etc. Then there are different organic hardwood blends: a combination of different types of wood shavings and dust, giving them a customized, special flavoring. For beginners, we’d suggest getting a premium blend, just to be on the safe side (because you can’t go wrong with these). Even then, we’d like to mention a few types of pellets commonly used for different purposes:
In 2008 there were only two consumer pellet grill manufacturers. Today there are dozens. The market for these relatively expensive devices is small but growing fast. Not all of these small manufacturers will survive. Forget the warranty and ask "When it breaks will the manufacturer still be in business?" They do not have repair shops near you. When it breaks will they be able to diagnose the problem over the phone? They may be able to figure it out, but then you have to buy the replacement parts and do the repair work yourself. Are you up to the task?
Pellet grills come in various sizes from the portable types for tailgating to the extra-large units for commercial use. If you are someone who wants to be able to take your smoker on the go, be it camping, partying or any other event you’ll want something that’s easy to lift and has wheels to facilitate movement. If you have lots of parties and gatherings at home, then you might want something bigger. Its all up to what your needs are.
In the second year, the grill quit working. The auger turns and the heating rod gets hot but the grill shuts itself off within minutes. I think it is the controller but I've had the same experience as others: emails and phone calls to Traeger's customer service are unanswered. My wife just wants to return it to Costco but I'd rather fix it. Given the lack of response and the poor quality of the electronics, I'm starting to come around to my wife's point of view.
Product is decent but customer service really didn't help me out when they sent me a wrong accessory part that was ordered by their customer service department. Explained that the representative misunderstood my request for an inside shelf but I was sent outer shelf which I have already . Tried to be fair and asked them to pay for the return shipping so I could return it back. They said we will gladly return your $ . Well till this day after numerous calls and false promises for the credit return .. there still is no refund. They seem to care but actually they did nothing. It's been 3 months of calling. Sorry to say we are Done with this company. If they can't settle a small concern and have A + service then don't bother! Good thing they are not the only smoker on the market. Shop around folks.
The Rainier is also hearty as hell. It survived banging around in the bed of my truck for four years. And I didn’t exactly baby it, cramming it into the limited storage space in my truck with paddles, helmets, and all manner of gear. But I never worried that it wouldn’t fire up to cook another meal. Once, one of the stubby rubber legs popped off as I was pulling the Rainier out of my truck. The stove sat crooked for a weekend, but I eventually found the leg and simply screwed it back on.
Everyone has their price range, but don’t confuse cheap for affordable. As with other types of grills, there are plenty of inexpensive pellet grills that seem attractive at first glance, especially if you're looking to save a little money. However, while a cheap pellet grill might save you a little money up front, it's going to cost you more in the long run. Parts will rust, components will break down, and you will likely find yourself replacing some or all of that affordable grill within five years. Ultimately, you're better off investing a little more money up front and get a quality grill that will keep years to come.
We love recommending and reviewing wood pellet smoker grills, but we also want you to get the most out of them once you purchase. Without proper care and maintenance, even the best pellet smoker is bound to have a shorter lifespan. Therefore, how you use your smoker and how you maintain it after use greatly determines how long it will serve you. A little bit of work will go a long way toward extending the life of your smoker. A thorough cleaning of the smoker should occur at least once a year. If you frequently use it, you should have it done at least three times a year. Buying quality pellets will extend its life as well.
PG24 by Camp Chef has a weight of 124 lb with a pellet hopper that has 20-pound capacity. That’s so large, you won’t need to worry of getting more before your meal is done. This approach allows you to have the ultimate cooking experience. When the temperature drops, one wood pellet is released. This convenience can’t be found in other grill types, like gas or charcoal.
I talk with a lot of teams out there, and I know for certain that some of them have turned to my buddy Fred Grosse’s MojoBricks to boost their smoke profile when using pellet grills. In fact, of the teams who win with Pellet Smokers – I’d wager at least a quarter of them to maybe half have used MojoBricks to round out their final product. I really like Fred as well – which makes it a pleasure to include his products in this grouping of pellet grill reviews.