Stryve Foods, Inc. Announces Strategic Partnership with Dot Foods and Secures Nationwide Distribution with Major Retailer
Stryve Foods (NASDAQ: SNAX) has announced two major developments: a strategic partnership with Dot Foods, North America's largest food industry redistributor, starting November 2024, and new chainwide distribution with a major national retailer beginning Q1 2025. The Dot Foods partnership aims to streamline operations, improve service levels, and optimize lead times. The new retail distribution agreement will expand Stryve's presence to thousands of new locations across the United States. These developments support Stryve's strategy to increase the availability of its air-dried meat snack brands, including Stryve, Vacadillos, and Kalahari.
Stryve Foods (NASDAQ: SNAX) ha annunciato due importanti sviluppi: una partnership strategica con Dot Foods, il più grande redistributore dell'industria alimentare in Nord America, a partire da novembre 2024, e una nuova distribuzione su larga scala con un importante rivenditore nazionale che inizierà nel primo trimestre del 2025. La partnership con Dot Foods mira a razionalizzare le operazioni, migliorare i livelli di servizio e ottimizzare i tempi di consegna. Il nuovo accordo di distribuzione al dettaglio espanderà la presenza di Stryve in migliaia di nuove località negli Stati Uniti. Questi sviluppi supportano la strategia di Stryve di aumentare la disponibilità dei suoi marchi di snack di carne essiccata, tra cui Stryve, Vacadillos e Kalahari.
Stryve Foods (NASDAQ: SNAX) ha anunciado dos desarrollos importantes: una asociación estratégica con Dot Foods, el mayor redistribuidor de la industria alimentaria en América del Norte, que comenzará en noviembre de 2024, y una nueva distribución en cadena con un importante minorista nacional a partir del primer trimestre de 2025. La asociación con Dot Foods tiene como objetivo optimizar las operaciones, mejorar los niveles de servicio y reducir los tiempos de entrega. El nuevo acuerdo de distribución minorista ampliará la presencia de Stryve a miles de nuevas ubicaciones en los Estados Unidos. Estos desarrollos apoyan la estrategia de Stryve para aumentar la disponibilidad de sus marcas de bocadillos de carne deshidratada, incluidos Stryve, Vacadillos y Kalahari.
스트라이브 푸드 (NASDAQ: SNAX)는 두 가지 주요 발전 사항을 발표했습니다: 북미 최대 식품 산업 재분배업체인 닷 푸드와의 전략적 파트너십이 2024년 11월부터 시작되며, 주요 대형 소매업체와의 새로운 체인 전체 유통이 2025년 1분기부터 시작됩니다. 닷 푸드와의 파트너십은 운영을 간소화하고 서비스 수준을 향상시키며 리드 타임을 최적화하는 것을 목표로 합니다. 새로운 소매 유통 계약은 미국 전역에 걸쳐 수천 개의 새로운 매장으로 스트라이브의 존재를 확대할 것입니다. 이러한 발전은 스트라이브의 공기 건조 육류 스낵 브랜드인 Stryve, Vacadillos 및 Kalahari의 가용성을 높이기 위한 전략을 지원합니다.
Stryve Foods (NASDAQ: SNAX) a annoncé deux développements majeurs : un partenariat stratégique avec Dot Foods, le plus grand distributeur de l'industrie alimentaire en Amérique du Nord, qui débutera en novembre 2024, et une nouvelle distribution sur l'ensemble de la chaîne avec un grand détaillant national à partir du premier trimestre 2025. Le partenariat avec Dot Foods vise à rationaliser les opérations, améliorer les niveaux de service et optimiser les délais de livraison. Le nouvel accord de distribution de détail élargira la présence de Stryve à des milliers de nouveaux emplacements à travers les États-Unis. Ces développements soutiennent la stratégie de Stryve d'augmenter la disponibilité de ses marques de collations de viande séchée, y compris Stryve, Vacadillos et Kalahari.
Stryve Foods (NASDAQ: SNAX) hat zwei wichtige Entwicklungen bekannt gegeben: eine strategische Partnerschaft mit Dot Foods, dem größten Lebensmittel-Redistributoren in Nordamerika, die im November 2024 beginnt, und eine neue flächendeckende Distribution mit einem großen nationalen Einzelhändler, die im ersten Quartal 2025 beginnt. Die Partnerschaft mit Dot Foods zielt darauf ab, die Abläufe zu optimieren, die Servicelevels zu verbessern und die Vorlaufzeiten zu reduzieren. Die neue Einzelhandelsvertriebsvereinbarung wird die Präsenz von Stryve auf tausende neuer Standorte in den Vereinigten Staaten ausweiten. Diese Entwicklungen unterstützen die Strategie von Stryve, die Verfügbarkeit seiner luftgetrockneten Fleischsnackmarken, einschließlich Stryve, Vacadillos und Kalahari, zu erhöhen.
- Partnership with Dot Foods to improve operational efficiency and distribution reach
- Secured nationwide distribution with major retailer, adding thousands of new locations
- Expansion set to drive meaningful volume for the company
- Products to be available in new locations starting Q1 2025
- None.
Insights
This strategic partnership with Dot Foods marks a significant operational milestone for Stryve Foods. The collaboration will enhance distribution efficiency and reduce operational costs through Dot's extensive logistics network. The timing is particularly strategic as it coincides with major retail expansion plans.
The secured nationwide distribution deal with a major retailer (likely to be announced in Q1 2025) represents a substantial growth catalyst. With thousands of new retail locations, this expansion could significantly boost revenue potential. The meat snack category's growth trajectory and consumer shift towards healthier, high-protein snacks positions Stryve favorably in this expansion.
However, investors should note that execution risks remain, particularly in managing inventory and meeting increased demand efficiently. The company's small market cap of
The Dot Foods partnership represents a transformative supply chain upgrade. As North America's largest food redistributor, Dot's infrastructure will provide Stryve with significant operational advantages:
- Reduced lead times and improved inventory management
- Lower logistics costs through consolidated shipping
- Enhanced ability to meet retailer compliance requirements
This infrastructure upgrade is perfectly timed with the major retail expansion, providing the necessary supply chain backbone to support growth. The partnership should help Stryve maintain consistent product availability while managing working capital more efficiently - important for a small-cap company during rapid expansion.
FRISCO, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), a pioneer in creating healthy and convenient protein snacks, is pleased to announce a strategic partnership with Dot Foods, North America's largest food industry redistributor (“Dot”), as well as to announce the recently received award of new distribution, chainwide, with a leading retailer which is expected to drive meaningful volume for the Company and increase the presence of its products nationwide.
Dot Foods Partnership
The new partnership, set to begin in November 2024, is expected to help streamline Stryve’s operations, allowing for improved service levels, enhanced operational efficiencies, and optimized customer lead times. Additionally, this partnership with Dot Foods is anticipated to strengthen Stryve’s ability to continue to expand its distribution footprint, positioning the Company for accelerated growth.
Dot Foods, with its expansive logistics network and comprehensive support model, will enable Stryve to better meet growing consumer demand across its brands, including Stryve, Vacadillos, and Kalahari. Through Dot’s extensive network and industry-leading supply chain solutions, Stryve will be better equipped to reach retailers more efficiently and improve in-store availability for its brands.
Chris Boever, Chief Executive Officer of Stryve Foods, commented, “We are thrilled to partner with Dot Foods, an established leader in distribution and logistics for the food industry. This partnership will help to enhance service to our retail partners, drive efficiencies, and create the foundation for further distribution gains. We look forward to leveraging Dot’s expertise and scale to maximize the reach of our brands and bring our better-for-you snacks to more consumers.”
Major Distribution Award with Leading National Retailer
Stryve Foods is pleased to announce that it has secured major new retail distribution gains that will further expand its brands to consumers across the country. This increased distribution is with a leading retailer with a nationwide footprint and is set to place the Company’s products in thousands of new locations across the United States in the first quarter of 2025.
“The meat snack category continues to grow and consumer demand for great tasting, high protein, low-to-no sugar, zero preservatives, in convenient ready to eat protein snacks is on the rise. Retailers are continuously optimizing their assortment and our air-dried meat snack brands deliver on these growing consumer behaviors,” Boever remarked.
“We are thrilled with this distribution win and are confident that our highly differentiated brands will continue to deliver acceleration for the category. We have made great progress on our transformation, and we are positioned and prepared to deliver for our retail partners to best serve their shopper’s needs and desires. The combination of our Dot Foods partnership and this new increased retail distribution represents another milestone for Stryve as we continue to increase the availability of our brands across the country,” Boever concluded.
The Company plans to announce more specific details about the retailer and where consumers can purchase its products as soon as they are available in-store in early 2025.
The addition of Dot Foods to Stryve’s distribution network, along with securing this significant new distribution win, underscores the Company’s commitment to providing high-quality, on-trend snacks to health-conscious consumers across the country. Stryve remains focused on expanding its retail presence, strengthening operational efficiencies, and delivering value to its customers and shareholders alike.
About Dot Foods, Inc.
Dot Foods, Inc. is North America's largest food industry redistributor, serving manufacturers and distributors in the foodservice, retail, and convenience channels. Founded in 1960, Dot Foods specializes in helping food manufacturers expand their reach by warehousing, consolidating, and redistributing their products across the United States and Canada. With a comprehensive logistics network and a dedication to efficient, reliable service, Dot Foods provides flexible delivery solutions, reducing lead times and improving supply chain efficiency for its partners. Headquartered in Mt. Sterling, Illinois, Dot Foods remains a family-owned and operated company, committed to innovation, customer satisfaction, and sustainable practices in the food distribution industry. For more information, visit www.dotfoods.com.
About Stryve Foods, Inc.
Stryve is a premium air-dried meat snack company that is conquering the intersection of high protein, great taste, and health under the brands of Braaitime, Kalahari, Stryve, and Vacadillos. Stryve sells highly differentiated healthy snacking and food products in order to disrupt traditional snacking and CPG categories. Stryve’s mission is “to help Americans eat better and live happier, better lives.” Stryve offers convenient products that are lower in sugar and carbohydrates and higher in protein than other snacks and foods. Stryve’s current product portfolio consists primarily of air-dried meat snack products marketed under the Stryve®, Kalahari®, Braaitime®, and Vacadillos® brand names. Unlike beef jerky, Stryve’s all-natural air-dried meat snack products are made of beef and spices, are never cooked, contain zero grams of sugar*, and are free of monosodium glutamate (MSG), gluten, nitrates, nitrites, and preservatives. As a result, Stryve’s products are Keto and Paleo diet friendly. Further, based on protein density and sugar content, Stryve believes that its air-dried meat snack products are some of the healthiest shelf-stable snacks available today. Stryve also markets and sells human-grade pet treats under the brands Two Tails and High Steaks, made with simple, all-natural ingredients and
Stryve distributes its products in major retail channels, primarily in North America, including grocery, convenience store, mass merchants, and other retail outlets, as well as directly to consumers through its ecommerce websites and through the Amazon and Walmart platforms. For more information about Stryve Foods, Inc., visit www.ir.stryve.com.
* All Stryve Biltong and Vacadillos products contain zero grams of added sugar, with the exception of the Chipotle Honey flavor of Vacadillos, which contains one gram of sugar per ounce.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “may”, “will”, “would”, “could”, “intend”, “aim”, “believe”, “anticipate”, “continue”, “target”, “milestone”, “expect”, “estimate”, “plan”, “outlook”, “objective”, “guidance” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, including, but not limited to, statements regarding Stryve’s plans, strategies, objectives, targets and expected financial performance. These forward-looking statements reflect Stryve’s current views and analysis of information currently available. This information is, where applicable, based on estimates, assumptions and analysis that Stryve believes, as of the date hereof, provide a reasonable basis for the information and statements contained herein. These forward-looking statements involve various known and unknown risks, uncertainties and other factors, many of which are outside the control of Stryve and its officers, employees, agents and associates. These risks, uncertainties, assumptions and other important factors, which could cause actual results to differ materially from those described in these forward-looking statements, include: (i) the inability to achieve profitability due to commodity prices, inflation, supply chain interruption, transportation costs and/or labor shortages; (ii) the ability to meet financial and strategic goals, which may be affected by, among other things, competition, supply chain interruptions, the ability to pursue a growth strategy and manage growth profitability, maintain relationships with customers, suppliers and retailers and retain its management and key employees; (iii) the risk that retailers will choose to limit or decrease the number of retail locations in which Stryve’s products are carried or will choose not to carry or not to continue to carry Stryve’s products; (iv) the possibility that Stryve may be adversely affected by other economic, business, and/or competitive factors; (v) the effect of the COVID-19 pandemic on Stryve; (vi) the possibility that Stryve may not achieve its financial outlook; (vii) risks around the Company’s ability to continue as a going concern and (viii) other risks and uncertainties described in the Company’s public filings with the SEC. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those projections and forward-looking statements are based.
Investor Relations Contact:
Investor Relations
ir@stryve.com
FAQ
When will Stryve Foods (SNAX) begin its partnership with Dot Foods?
When will Stryve Foods (SNAX) products be available in the new retail locations?
Which brands are included in Stryve Foods' (SNAX) distribution expansion?
