Plano’s Stryve Foods expects to trade publicly on Nasdaq for first time Wednesday

Plano-based snack food company Stryve is expected to trade tomorrow on NASDAQ under the ticker “SNAX”.

The company’s merger with the special purpose vehicle Andina Acquisition Corp. III was completed on Tuesday, according to a communication from Stryve. The merged company was renamed Stryve Foods Inc.

Stryve started selling charcuterie known as biltong. Biltong is a jerky air-dried beef from South Africa that contains less sugar and additives than traditional beef jerky.

The company is growing rapidly year after year, and even Hollywood heartthrob Channing Tatum has invested in it.

Stryve had sales of $ 14 million in 2019 and nearly $ 20 million in 2020. The company estimates it will hit $ 51 million this year. Its biltong snacks are on shelves in 17,000 stores across the U.S. including Walmart, Kroger, Sprouts, 7-Eleven, and 25 other retailers.

With offices near the Shops at Legacy, the company has attracted executives with experience in the snack food industry, including Dr. Pepper, Snapple and 7-Eleven. In 2019, the company built a $ 11 million manufacturing facility in Oklahoma with 100 employees.

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