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.
You’re concerned with ongoing costs for fuel and power: The wood pellets used with Traeger grills are more expensive than propane or charcoal. You can expect to spend $1 to $3 per grilling session using wood pellets. Propane is far less expensive to operate in a grill, while charcoal fits somewhere in the middle of the cost range. And beware of cheap pellets from third-party manufacturers that contain softwoods like pine. They burn much faster than hardwoods, so the end cost won’t be that much different because you’ll use more of them. And they can introduce unwanted chemicals and contaminants to your food. You will also have some electrical power costs with these Traeger pellet grills.
Z GRILLS or Z Grills is a maker of smokers, grillers, and stainless steel prep work tables galore. It entered the world of pellet grills recently and launched an IndieGoGo campaign in order to fund its “affordable wood pellet grill” for $500,000 and currently gives even Traeger’s economical offerings a run for their money with its ability to accept all types of pellets and do all sorts of cooking styles.
The Camp Chef PG24S uses three cleanup and maintenance systems. The Ash Cup Clean Out System collects leftover ash in a cup for easy cleanup. The Grease Management System instantly drains grease into a bucket for easy disposal. Finally, the Pellet Purge System helps you clean out pellets from your auger with ease. Cleaning up has never been so easy.
The Yoder YS640 is 32 inches wide, weighs 313 pounds, and is said to have a cooking range of 150 to 600°F (65 to 315°C). Yoder is known for heavy-duty competition smokers, and the thick, 10-gauge-steel cooking chamber on this model is durable and great for heat retention. It comes with a sophisticated proprietary digital controller, which Yoder asserts is not based on any off-the-shelf temperature controller of any sort. Yoder states that it designed the board from scratch around a general-purpose micro-controller chip and wrote its own code from the ground up in an attempt to provide superior flexibility, efficiency, and accuracy.
What’s more, as Pellet Grills are electric-powered and regulate their own fuel intake, they are a far more foolproof option than other smokers and grills which may require a large amount of maintenance and care during the cooking process. Wood pellets themselves are also incredibly versatile. Aspiring smokers can experiment with a whole array of wood varieties in order to explore the flavors that each lends to meat.
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?
Larger, more expensive smokers run anywhere up to 900 square inches, which will basically let you feed your whole street. It’s also a whole lot more convenient when you’re planning on cooking multiple things to be able to throw every single sausage, joint of meat and rack of ribs on at once, flip ’em around and move things to the edge when they’re done.
To your question regarding Traeger, I’ve not reviewed their grills of yet. I do know that Traeger as a company is taking steps to up their game some, as quality/reliability of their pellet grills has diminished over the last few years. The new CEO – Jeremy Andrus – they hired comes from the Skull Candy company and brought that headphone company from annual sales from less than $1 million to nearly $300 million. I know also that a few big hitters in the BBQ world are being contacted by Traeger to bring the brand back to its former prominence. You can read more about that here from the site of one of the company’s that now has an ownership interest in Traeger: http://www.trilantic.com/News_Story.aspx?StoryType=1&ID=56.
They had the field to themselves for a few years, but the idea was too good to go unimitated, and with the digital age came the electronic controller that allowed Traegers and others to create a system that had a thermostat in the cooking chamber that would tell the fan and auger when to do their thing. Today there are more than a dozen manufacturers making increasingly sophisticated machines.
Now, there are different materials that certain pellet grills are made from. Since steel is such a heavy duty and heavy item, some brands have opted in for more cost-efficient materials, such as a stainless-steel lid to remove some of the weight from the pellet grill. With that said, the interior grill gates are as equally important as the exterior. For example, some grill gates are made from an easy to clean porcelain material while some are designed from stainless steel to be more user-friendly and cost-effective. With that said, let’s discuss another important element to consider when it comes to a pellet grill.
The first thing we have to understand is the anatomy of a pellet smoker. Check the related section on this page to get the idea. Once we know which part goes where, the bigger battle will be won. Next, we’re going to have to be able to analyze the problem if we are to solve it. What seems to be the issue? Are the pellets not lighting up? Are the pellets getting stuck and not working properly? Weird noises coming out from the hopper? Are foods not cooking well? Let’s take a look at these problems and how to solve them:
Bigger heavier hotter: the innovative LG Series is Bigger heavier hotter: the innovative LG Series is comprised to offer the most versatile cooking system available. Fueled by your selection of wood pellet blends the LG700 consists of a two-tiered 707 sq. in. cooking surface that is perfect for a family of four. The LG burn system will complement ... More + Product Details Close
Hey Ben – thank you for your comment. From a retail user standpoint, I think you’d be happy with either a Yoder or FEC. I really like the PG 500 for the purpose that you’re looking at. Best of both worlds it seems the more I’m looking at it. You can see how they approach grilling steaks in this video. You can incorporate the use of GrillGrates in either pellet grill. Both companies make their units in the USA. Both have great reputations. I’m just partial to Cookshack’s pellet smokers over Yoder as I know more folks who use them.
Hey John! Thank you so much for your kind words. I try to do a good job here, and am pleased you are enjoying the site. Regarding electric smokers, I have friends who own them and love them. I’ll try to get a post out this summer on them. Folks seem to like Bradley smokers a good bit, so you might want to check them out. You can find a good selection of them on Amazon.com here.
Another video I thought it’d be cool to show you guys is one that features BBQ Diva as she shares her thoughts about how Fast Eddy’s Pellet smokers work with BBQ Ribs. You’ve likely read the Diva Q DIY BBQ Sauce post we highlighted here. And no doubt you know about Danielle’s work with the now famous BBQ Crawl television series. Without question, she’s one of BBQ’s greatest treasures. Check out what she says here about Fast Eddy’s. The video starts out with Ed Maurin showing you the recipe he used for the World BBQ Championship Perfect Score Ribs in 2000 – using both baby backs and spares. Diva chimes in near the end with her take on how these ribs taste.
Loved the idea of a "pellet smoker" - less stress, delicious meat. Bought mine at Costco 1 year ago and have used it many times with mixed results, not exactly stress less. Last time using it the pellet hopper caught on fire, turns out the auger chamber is packed full of pellets and won't move. Attempted to open chamber to clear and with this model it is extremely difficult (with unit sold thru Costco - newer ones look easier...) so I called customer service hotline. Called different 4 times and talked with a different live person each time and was promised a call back to schedule an in house repair. Never received one call back so I tried to email and again never received a return email. I have no choice but to return smoker to Costco.
The ceramic stone promotes even heat distribution and the domed ceiling design mimics the same heating pattern as a wood fired bri...ck oven. Preheats in just 15 minutes, exceeding 600°F if needed. The products are covered by the following warranty. Warranty covers all components of the stoves, fire pits, ovens and smokers to be free from defect in materials and workmanship for one year from the day of purchase (excluding finish). All accessories are covered for a full 90 days to be free of defect in materials and workmanship. read more
The Green Mountain Grills Davy Crockett smoker lets you get more than what you paid for. At a surprisingly low price, you get to have tons of great features commonly found in other GMG products that are sure to elevate your BBQ experience. For its price, we were quite surprised to see that it satisfied most of the features on our review. We tested over fifty products, and even the expensive ones were no match for this product. In terms of value per dollar, this product deserves the top spot.
To solve this problem, several companies have come up with alternative ways to expose food to the flame by allowing you to use the small area directly above the fuel pot. It's still not as good as a charcoal or sear burner, but better than the designs that are strictly indirect. Check out the Memphis Elite, Fast Eddy's by Cookshack PG500, and the Yoder YS640 for this feature. Camp Chef also recently introduced its Woodwind pellet smoker, which has a super-hot gas-fueled sear box attached to the right side.