Traeger Buys MEATER Thermometer Maker for $100M

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Pellet grill company Traeger (NYSE: COOK) announced today that they acquired Apption Labs Limited, makers of the MEATER smart thermometer for $100 million. This strategic acquisition is a logical fit for the continued innovation of Traeger products. Their pellet grills rely on providing convenient grilling for consumers, so wireless smart thermometers show continued innovation in that area.