"Camp Chef is excited to join the exceptional family of Vista Outdoor brands," said Ty Measom, Camp Chef President. "The opportunity to be part of this dynamic company will provide for the future growth and success of Camp Chef as a leader in our market. The hard work and dedication of Camp Chef employees, past and present, has made Camp Chef what it is today. We look forward to the opportunities ahead."
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.
I had hung my hat on the Yoder and had even contacted the factory and a couple of distributors in the DFW area. Then I did my usual, search craigslist and see if anyone is moving and selling their unit. Low and behold a Memphis Pro!!! Story was brand new, bought for a built in and now cannot use it now. Brand new but you may not have a warranty though. Price… wait for it! $1600!!! You got to be kidding! Scam?? Ok well I will contact him. Surprisingly he had it advertised for a few weeks and only had a few contacts but none serious. Ok, I will come look and if you can plug it in and show me the controller works I will take it. Called the factory and they were quite responsive. They said we probably won’t warranty the controller because we don’t know the history but it will depend on the failure. Everything else we will cover. So right before Thanksgiving headed to Dallas and it basically all looked brand new, plugged in and it did everything you could do without burning pellets.
Camp Chef is the company that perfected the pellet grill formula that Traeger made up, hence its introduction of an effective pellet auger that dispenses pellets only when needed and a large capacity hopper that reduces the need for pellet refills (that people find really annoying). It’s economical in terms of fuel rationing even though the griller itself is quite expensive.
In reading through the comments section, it seems the recommendations have shifted over time. As it stands today, which smoker would you go with and why: GMG Jim Bowie, Traeger Pro 34, or the RecTec? I like the cooking space of the Traeger Pro 34, but the other 2 seem to have more bells and whistles. I’ve been smoking about 5yrs, so not a pro but not a beginner. Currently have a 10+ year old Traeger Lil Tex elite hand-me down that is ready to give up the ghost. Would appreciate your thoughts!
Novices: Do you consider yourself a novice with a smoker grill? If so have no shame, in fact, look at me, I started as a novice too! Realistically, no one becomes a geek in 2 weeks of studying or research. So as a beginner you must look for an easy to use smoker grill. Well, the primary concept of a pellet smoker lies in its easy to use features. Set it and forget represents the motto and the main aspect you crave, right?
For beginner outdoors chefs and guys buying their first smoker, that’s an invaluable bit of knowledge. Knowing that no matter what you do, as long as you follow the standard set up, you’re going to produce professional quality meat with ease, which is why smokers like the ones below are the best choice for anyone looking at buying their first pellet smoker.
Next in our pellet grill review is the Green Mountain Davy Crockett pellet grill. Its small size makes it a portable grill. It weighs 57 pounds and measures 14.5 by 20 by 29.5 inches in dimensions. The Green Mountain pellet grill has 110V or 12V adaptors for 3 power options. It has foldable legs that also function as handles. This pellet grill also features a thermal sensor which monitors the grill temperature called Sense-Mate. One coveted feature on this pellet grill is that is Wi-Fi compatible.
Pellets look like rabbit chow. They are about the width of a pencil and as long as a couple of erasers. If they get wet they turn into a pile of sawdust. The beauty of pellets is that they have none of the additives and fillers in charcoal briquets, so they combust almost completely. Almost zero ash. The pellets provide the heat as well as flavor. No need to add wood chips. Surprisingly, they do not produce overly smoky food. If anything, the food is undersmoked to some people because the combustion is so complete.
The major issue is the size. It’s the smallest smoker at this price range, and barely bigger than the Junior Elite. Considering the price difference in the two, it’s hard to justify the extra expense, and when you compare it to the other smokers at this level, the Lil Tex seems more than a little lackluster. There’s less cleaning options, less automation, less cooking space. Just less of everything.
Pellets are available from a number of sources because they are popular for use in home heaters, so if you are worried that you will be buying a gizmo that might be worthless someday if the pellet supply runs out, it is unlikely. As more and more pellet grills appear, and word of their excellence spreads, sources for pellets will become numerous. I've even heard of a few Home Depot's carrying them. The bad news is that I have tried several brands and I always return to BBQr's Delight. They seem to have the least sawdust, so they are less likely to clog the auger, and they have a higher percentage of the flavor wood on the label.
I’ve been grilling and smoking for many years and throughout all those years I have burned through many expensive grills. Four years before I purchased the 640 I got on the pellet smoker wagon and started my research. Finally when my daughter was getting married she ask me to cook for the wedding and gave me the perfect excuse to finally get a smoker I wanted. So getting back to the research and after 3 months of comparing I settled on the YS640. I wanted a grill, at my age, to be able to pass down to one of my kids. It was big investment but like I’ve learned in life, you get what you pay for “most” of the time. I have had this grill now, September 2018, will be 4years now. I have no regrets and would do it again. I’ve had some minor corrosion issues and after an email was promptly sent the matching paint to clean it up. I spent the time to do it right and today, a month later, today my grill looks brand new. Honestly nothing like this can be left to take care of itself. Maintenance like anything else is required. But I know this will most likely be my last grill. Thank for a great product and great follow up service. Smoke Shack.....
Heating pellets, meanwhile, can consist of a variety of woods, including softwoods like pine, which contains resin that infuses food with a bitter unappetizing taste. Because it doesn’t really matter what’s in heating pellets, so long as they burn, they can also include bark and leaves and other impurities that can adversely affect food flavor and possibly pose a health risk if ingested. Because less care goes into the production of heating pellets and they're not guaranteed to be 100% pure hardwood, heating pellets are significantly less expensive than BBQ pellets, making them appealing to budget conscious shoppers. However, resist the temptation to save a few bucks and never use heating pellets in a pellet smoker.
I have used Bradley, Masterpiece, Green Egg, New Braunfels, Oklahoma Joe, Weber and now Traeger. So there is some experience in these comments. The “set it and forget” it is a misnomer and should not be used with Traeger (or any smoker/grill.) With Pellet Drive before you buy Read up on Er codes. The worst is when the fire pot fills up with pellets because the fire can’t keep up with the auger push and the whole cook is ruined or delayed. You have to pull everything out and basically start over while your expensive prime brisket is trying to be saved in the oven. Doesn’t matter what the weather is or wind conditions. Doesn’t matter if you stare at it and stir the hopper continuously. It will happen. Customer support at first was well you are at fault (didn’t leave the lid open on fireup for exactly 2 to 4 minutes or didn’t vacuum out the firepot between every cook) which is crazy. Finally, after so many calls over the past 6 months they are trying to make it right. Problem is, DO NOT believe the “set it and forget it.” That does not exist with any good cook. I have replaced the controller the fan and now getting a new probe. Do not waste your money. Unless someone out here in BBQ land can give me a recommendation on a product that won’t do this stay away from Pellet Drive?
I bought my Traeger Pro Grill a year ago and have thoroughly enjoyed using it. The problems began when it suddenly stopped working. The warranty is a self-service warranty which means you have to service it yourself or load it up and haul it to a distributor for repair should your efforts fail. For this reason I HIGHLY RECOMMEND YOU AVOID BUYING A TRAEGER GRILL. Anytime you pay 1500 for anything a warranty should mean just that, it’s a replacement warranty. I am terribly disappointed with the response from Traeger. Please feel free to contact me should you need further clarification.
I have owned a Memphis Elite (built-in) for 16 months now. It is a very high quality product, and couldn’t be easier to use. The direct flame area is arguably a little small (effectively a bit smaller than 1 sq ft), but it does a great job. The temperature control is phenomenal, and includes a meat probe control that can put the grill into “hold” mode once the meat reaches the target internal temperature. A very happy owner here!
Pellet grills preheat quickly, so you can start cooking almost immediately, and the pellets are available in a number of woods, for different smoke flavors. The smoke has a subtle wood-fired flavor with less of the acrid flavor that comes from standard wood or charcoal. For the maximum smoke flavor, it’s best to cook at a temperature lower than 250 degrees, while higher temperatures cook faster with less smoke.