A family-owned business, Jack Link's, has become the largest manufacturer of jerky in the world, with an estimated annual revenue of $4 billion. The company was founded by Jack Link, a German immigrant who turned his passion for beef jerky into a successful business after realizing that it could be made more affordably and sold at a higher price point than before.
In 1985, Link's then-teenage sons accompanied him on a hunting trip when they stopped at a convenience store to buy some jerky. The cost of the jerky was high, and Link couldn't believe how much money it was costing. This experience sparked an idea in Link, who decided to make his own jerky using ovens he already had installed at his plant.
With his 1880s recipe, Jack Link's initial product became a hit, and today, the company is known as one of the top-selling jerky brands in America. The business has made its founder a billionaire and employs over 500 people worldwide.
The company's growth can be attributed to Jack Link's decision to sell his products in bags with resealable pouches. This move helped the business increase revenue significantly, especially after Walmart and Target started carrying it. Today, bagged beef jerky makes up more than half of the company's total revenue.
Jack Link's CEO, Troy Link, says that there is still plenty of room for growth in the market. The competition has increased, but Troy believes that Jack Link's will continue to succeed due to its fortitude and commitment to innovation.
The business has remained family-owned and has no intention of selling. If it were to be sold, it would likely come at a high price. Private equity investors have expressed interest in acquiring the company, but so far, no deal has been reached.
Jack Link's plans to expand its meat sticks line are crucial for winning over new customers, especially Gen Z consumers. The business has already invested $450 million in building a new plant dedicated solely to manufacturing meat and cheese sticks.
Looking ahead, Jack Link believes that bigger is better and hopes that his family will continue to grow the business in the future.
In 1985, Link's then-teenage sons accompanied him on a hunting trip when they stopped at a convenience store to buy some jerky. The cost of the jerky was high, and Link couldn't believe how much money it was costing. This experience sparked an idea in Link, who decided to make his own jerky using ovens he already had installed at his plant.
With his 1880s recipe, Jack Link's initial product became a hit, and today, the company is known as one of the top-selling jerky brands in America. The business has made its founder a billionaire and employs over 500 people worldwide.
The company's growth can be attributed to Jack Link's decision to sell his products in bags with resealable pouches. This move helped the business increase revenue significantly, especially after Walmart and Target started carrying it. Today, bagged beef jerky makes up more than half of the company's total revenue.
Jack Link's CEO, Troy Link, says that there is still plenty of room for growth in the market. The competition has increased, but Troy believes that Jack Link's will continue to succeed due to its fortitude and commitment to innovation.
The business has remained family-owned and has no intention of selling. If it were to be sold, it would likely come at a high price. Private equity investors have expressed interest in acquiring the company, but so far, no deal has been reached.
Jack Link's plans to expand its meat sticks line are crucial for winning over new customers, especially Gen Z consumers. The business has already invested $450 million in building a new plant dedicated solely to manufacturing meat and cheese sticks.
Looking ahead, Jack Link believes that bigger is better and hopes that his family will continue to grow the business in the future.