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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.
Hi Mark – I’ve not personally used the Smoke Hollow Pellet Grill you mention here. The base model pellet smokers I see at stores like Sam’s and Costco are going to do fine for most backyard cooking preparations. I’d look into what the Smoke Hollow folks offer customer service wise. When you buy at the lower end, understand that the unit might not enjoy the longevity or durability of other mid-tier or higher end models.
Instead of logs, the pellet smoker is fed with food-grade cylinders of wood pellets that are an inch long and ¼-inch wide and are made of compressed hardwood sawdust. According to the best pellet smoker reviews, pellet grills are easy to use because it’s easier to maintain its temperature because of these sawdust pellets that are subjected to great heat and high pressure, which ignites lignin (natural wood glue).
A pellet grill like the Rec-Tec is a breeze to use; subsequently, you won’t need to manage a migraine when barbecuing or smoking. Most models now accompany an electronic start highlight, which means you don’t need to use gas or charcoal for grilling or smoking (Read here). Furthermore, with this element, you don’t likewise need to manage the temperature changes in the earth on the grounds that the unit will be lighted by its electric igniter whatever happens, and after that, it will begin warming and cooking your nourishment. Furthermore, regardless of you are a piece of a little or a major family unit, there is the correct model with the size perfect for your family’s cooking needs.
Vista Outdoor is a leading global designer, manufacturer and marketer of consumer products in the growing outdoor sports and recreation markets. The company operates in two segments, Shooting Sports and Outdoor Products, and has a portfolio of well-recognized brands that provides consumers with a wide range of performance-driven, high-quality and innovative products for individual outdoor recreational pursuits. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. Vista Outdoor is headquartered in Utah and has manufacturing operations and facilities in 13 U.S. States, Canada, Mexico and Puerto Rico along with international customer service, sales and sourcing operations in Asia, Australia, Canada, Europe and New Zealand. For news and information, visit www.vistaoutdoor.com or follow us on Twitter @VistaOutdoorInc and Facebook at www.facebook.com/vistaoutdoor.
For example, it has a decent 570 sq. in. of cooking area, a patented ash cleanout service, endless versatility (wherein you can barbecue, braise, roast, bake, smoke, and grill to your heart’s delight), and an advanced digital control (the same one that allowed the Camp Chef SmokePro to take the top spot). However, the quality control for this unit is a little worse than SmokePro.
The control panel is simple, uncomplicated and easy to use, no codes of crazy steps to remember. Turn the switch on, set the temp once it lights and you are ready to go. On the outside the controls may look simple but behind the scenes it is working to constantly monitor feed rates and temperatures to lock into your set temperature as close as possible. The longer you cook the smaller the adjustments , making this one of he most consistent cookers on the market.
Kevin- I’m in the process of researching to get my husband a grill for Christmas. I’m torn between the 820 you mentioned above and the Traeger Pro Series. As far as I can tell they are basically the same except that you get a larger cooking area on the pit boss for the same price you pay for a small cook space in a traeger. I would like to spend around $600 on the grill but would possibly go up to $800 and want 500 sq in cook space or greater. Which do you prefer? Pit Boss, Traeger or another brand?
Despite being a little complicated when compared to the other types of grilling equipment (because of the automatic pellet auger and fan), they are pretty easy to repair if you have the right parts. You can find these parts right at a home depot or online. It doesn’t matter if you need to replace the auger or the fan, the ignitor rod or the hopper, for the top brands, you’ll find the replacement parts just as easily. Let’s look at the replaceable parts of a pellet smoker:
On Tabletop Models: I didn’t include them here because though extensive, this post is more of an overview of a few select makers of Pellet Smokers I think do a fine job with both manufacturing and product support. The one exception is that I did include a link to where you can find the Rec-Tec mini. That’s Rec-Tec’s answer to the smaller, tabletop or tailgating models.
I had an American made Traeger for 6 years and after it rusted out I was looking something built for the long haul. The YS 640 is it. Built like a tank it will hold up for years and the extra steel helps retain the heat. Temperature control is spot on and recoverey after opening the lid is amazing. I thoroughly researched all my options and I could not be happier. I cooked steaks the other night in 40 degree weather and had no issues whatsoever. The grille grates are a must and leave beautiful lines. Before you buy anything else, investigate what the other cookers are made of. There really is no comparison.
Depending on size, the Traeger grill is very easy to store. However, the camp chef is usually the most portable with ease of transport and storage while the big green egg grill has a weird egg shape but a bit compact depending on size. Therefore, depending on your size, you can easily store any of these grills in as little space as you want. Besides, most have wheels for easier movability. As for cleaning, the Traeger grill is easier to clean and maintain, when compared to the other two grills.
When it comes to construction, few companies can beat Traeger. Its grills come with construction features like cast-iron grates with a clear and nontoxic coating that prevents food from sticking to the grill and fireboxes made from a similar material. Though Pit Boss grills feature similar elements, many look flimsy, and most will not keep up with your grilling and smoking demands.
I did a lot of research, and ended up buying the Camp Chef DLX24. It was at a price that fit my budget, (under $500) and had a lot of features the others didnt. The pellet trap door for quick dumping of the pellet hopper into a bucket, and the ash cleanout under the drum was a clincher. Being able to pull a lever and dump the ashes into an easily removable cup is a great feature that all grills should include.It has a digital temperature controller, and dual probes (one inside the smoker for grill temp, one for the meat) and overall good quality construction. The second shelf inside is standard (you pay extra for that on other grills). If your budget allows, would suggest purchasing the propane powered sear box ($199) which attaches to the side of the grill and allows for reverse searing meat..
The first time I grilled something on it -- pulled pork, which takes a long time on the grill -- the fire kept going out on me. My husband called the company, and they said they knew they had that problem. So he told the nice lady on the end of the line that what they needed to do was to add something to the hopper to keep it jiggling just a little so that the pellets continued to go down. "We're working on a solution," she said. "I just told you the solution," my husband, who's a mechanic and loves solving mechanical problems using unusual, but straightforward solutions. His trick? -- get one of those cheap, plastic, clip-on fans and clip it to the hopper, pointing the fan down into the hopper. The fan jiggles it just enough. The air into the hopper "couldn't hurt, either," he told me.
With the summer right around the corner, it’s about that time of the year that consumers are thinking about hosting outdoor picnics and having their friends and family in the backyard. Now, to make this year special, many people are flocking towards purchasing pellet grills. In efforts to assure our readers that each grill on today’s list is the absolute best, we performed an update on this buying guide. Included in this update, readers will get to learn about the criteria that we used to evaluate each grill and a list of answers to some commonly asked questions. Before the summer arrives, check out this update!
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With their portable model, Traeger has their own version of the classic 'tailgater'. Still fairly hefty at a little over 60 pounds, this grill is still far and away the most lightweight model Traeger offers. The legs fold up for ease of storage and transportation. As with all other Traeger products, temperature controls allow grillers to use the Tailgater as either a conventional grill or a smoker.
The simplicity with which you can use this product is outstanding. From the time that you put it together to the time you smoke meat to the time you clean it, the entire process is extremely simple. It has a power failure restart and a dump tray that can easily be cleaned out. The cooking surface is so large that it is possible to smoke two turkeys at once.
If you have faced or currently face the problem with common things like pellet feed jamming or wear and tear of your smoker, then replacing the exact component will solve your problem. Thus, without changing your whole smoker you can continue with some $40 – $50 changes. It might seem complicated for you if you face a problem with your digital control system. Adding the element of professional knowledge will help tremendously. Solving problem with $150 is much better than spending $500, right?
But if you like the idea of a wood pellet grill, one of the oldest names in wood pellet grilling is Traeger, which developed some of the first units to use this technique three decades ago. Having that name recognition gives Traeger a leg up versus some of its competitors. And for the most part, Traeger’s grills live up to what consumers expect from this established brand, providing good design and longevity. They don’t typically match up with the higher end models currently on the market in terms of precise cooking temperatures, but Traeger is a nice mid-range product with several price points available.
A pellet grill is an outdoor cooker that runs on electricity. It uses wood pellets as fuel to cook as well as smoke and flavor the meats. A pellet grill is a combination appliance of grills, smoker, oven and more. It can be used to sear, smoke, grill, roast and even bake! A pallet grill can be used to cook almost all types of meats and proteins. It also accommodates larger quantity and size than a normal indoor appliance. This is what makes a pellet grill so special, its versatility and convenience of use.
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.
Thanks Kevin. I am about to buy both a 5 burner gas grill and a smoker for a new bbq island. Rather than buy both, will one of these higher end pellet grills take the place of a traditional propane grill? I can apply the funds for the gas grill to a higher end pellet if it can really do double duty. It has to be able to cook burgers and dogs and steaks etc. Just like a gas grill though. Thoughts?