SLATE CAPITAL GROUP ANNOUNCES WYTHE WILL DISTRIBUTING ACQUIRED GARVEY NUT & CANDY

FOR IMMEDIATE RELEASE 

January 18, 2013

SLATE CAPITAL GROUP ANNOUNCES WYTHE WILL DISTRIBUTING ACQUIRED GARVEY NUT & CANDY

–Wythe Will Distributing Growth Continues with Recent Industry Company Investments– 

(Baltimore, MD) – Slate Capital Group, a private equity investment group based in Baltimore that partners with lower-middle market companies, is pleased to announce that its portfolio company, Wythe Will Tzetzo, LLC, has recently acquired Garvey Nut & Candy. 

Wythe Will Tzetzo, LLC (www.wythewill.com), a a national packager and distributor of branded, unbranded and private label candy, confections and specialty foods with locations in Toano, VA, Buffalo, NY, and Lebanon, TN, recently attained  Garvey Nut & Candy, a national packager and distributor of natural and organic nuts, snacks and confections, in both branded and private label formats. The acquisition provides a springboard to westward expansion and national coverage.

“After Wythe Will’s acquisition of Tzetzo Brothers Inc in 2011, our team worked with the leadership at Wythe Will Tzetzo, advising them to continue seeking similar companies with which to align their business growth plans,” said Erik Ginsberg, Partner, Slate Capital Group.  “Once we met Garvey Nut & Candy, we knew it was a match, and that an acquisition on our part, would prove to be beneficial to the company’s geographical footprint product offerings. With combined advanced resources, knowledgeable leadership, and quality products, we are confident in the foreseen success of the company.”

“With this expansion, we now truly have the ability to service national accounts effectively, while at the same time leveraging our scale to provide our customers with the broadest assortment of products and best service available in the industry," says Gordon Angles, Current Wythe Will CEO.

Wythe Will Tzetzo is owned by Slate Capital Group and will proceed as the controlling equity holder of the candy, confections, and nut packager and distributor. The company provides value added packaging and bulk distribution of chocolate, non-chocolate confectionery, fruit & nut mixes and specialty products. With a history dating back to 1927, the company has grown steadily through both organic expansion and acquisitions to be one of the largest and most reputable players in specialty food and candy packaging and distribution. Wythe Will Tzetzo offers its customers a selection of over 6,000 SKUs from over 400 domestic and international specialty food companies. The company’s own brand names include Mayfair Sales, Holiday Candy, Alpine Valley, Basket Stuffers, Candy Carnival, Kids Play, Select Brands, Select Sweets, and Totally Sour.

Based in Pico Rivera, California, Garvey Nut & Candy, is one of Southern California's premiere candy and nut distributing centers who serves local and national retailers. 

About Slate Capital Group (http://www.SlateCap.com)

Slate Capital Group is a private equity firm focused on acquiring controlling interests in small to mid-sized companies with $3 to $15 million of EBITDA. The Firm prefers companies headquartered in the Eastern half of the US and targets businesses operating in the business services, distribution, and light manufacturing sectors. Prospective companies typically exhibit recurring revenue, sustainable margins, identifiable growth opportunities, and significant barriers to entry. Slate Capital Group was formed in 2004 and is based in Baltimore, Maryland.

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For further information contact: 

Erik Ginsberg 

Managing Partner 

Slate Capital Group 

410-560-3572