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.
Auger Making Weight Noises: It’s usually indicating a problem with the motor that’s responsible for rotating the augers. Under such circumstances, you would be left with no other choice than to replace the motor completely. Since the motors and augers are usually packaged together, this can get quite expensive. In such scenarios, it’s better to let it make noises and run for as long as it would serve you before going to replace it. However, once that problem occurs, you’d often find the auger not feeding the pellets at the expected rate and thus, the desired temperature might not be reached in some cases.
Central to all pellet cookers is a digital controller similar to the controllers on modern indoor ovens. You select a temp you want, and there is an LED display that tells you the actual temp. Some of the controllers also are programmable so you can cook at a certain temp for a determined time. Some have leave-in meat probes that can dial back the ovento a holding temp when the meat hits its mark.
3-Position Controller - 3 position controllers, also called LMH controllers, have just 3 temperature settings—low, medium, and high—which correlate to roughly 225°F, 325°F, and 425°F. They feed pellets in fixed cycles that are determined by which setting you choose. With just three settings to choose from, though, you have less control over cooking temperatures than more advanced controllers. These controllers are often found on lower priced pellet grills.
One of the fun features this grill offers is that it’s WIFI enabled (controlled or monitored through an iOS or Android app). Sense-Mate, a thermal sense that constantly monitors the grill temperature, keeps you up to date on the status of your grill and your food! The digital controlling really lets you micro-manage your cooking, as you can adjust it a degree at a time. You can also program a series of temperatures and then sit back and enjoy your day while your food cooks! (Yes, you can also control it manually as well.)
Wood pellets that are tailored for pellet stoves or fireplaces usually contain tree barks and binding agents such as glue. When used in pellet smokers, these wood chips can expel some harmful chemical substances infused with the food. But since the dawn of Traeger pellet smokers, different manufacturers have been producing food-grade wood pellets to be used in pellet smokers.

Central to all pellet cookers is a digital controller similar to the controllers on modern indoor ovens. You select a temp you want, and there is an LED display that tells you the actual temp. Some of the controllers also are programmable so you can cook at a certain temp for a determined time. Some have leave-in meat probes that can dial back the ovento a holding temp when the meat hits its mark.
The Smart Smoke technology is one of the most convenient and easy to use features on the grill. It contains a dual LED temperature readout that keeps the heat at a constant temperature. This means you have more time for socializing and can sit back and relax. The temperature ranges from 160 to 500 degrees Fahrenheit. The grill uses a pellet feeder system that burns slowly to add intense flavor to your food. It also uses an electric auto-start ignition that requires the grill be plugged into a standard 120v outlet.
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.
Keep your Pellet Grill and Smoker fired up Keep your Pellet Grill and Smoker fired up with Camp Chef’s Premium Hardwood Pellets. Made of 100% natural hardwood these food grade pellets are an excellent way to add that unique smoky flavor. Choose from 4 distinct flavors. Smokehouse Hickory impart a rich and smoky bacon-like flavor to all meats ...  More + Product Details Close
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