SLATE CAPITAL GROUP ANNOUNCES WYTHE WILL DISTRIBUTING ACQUIRED TZETZO BROS. INC.

FOR IMMEDIATE RELEASE 

July 25, 2011

SLATE CAPITAL GROUP ANNOUNCES WYTHE WILL DISTRIBUTING ACQUIRED TZETZO BROTHERS INC.

(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 Distributing, has recently acquired Tzetzo Brothers Inc.

Wythe Will (www.wythewill.com), a value-added distributor of branded and private label packaged gourmet food and confections, purchased Tzetzo Brothers, provider of national branded, unbranded, and private label candy to expand its offerings in the nation. Wythe Will is owned by Slate Capital Group and will proceed as the controlling equity holder of the company.  

Based in Williamsburg, VA, Wythe Will is known for sourcing high quality, hard to find projects for its alternative retail, premium grocery, and hospitality customers. Established in 1961, the company has grown to be one of the largest and most reputable players in the specialty food distribution category. Wythe Will offers its customers a selection of approximately 4,700 everyday SKUs from over 400 domestic and international specialty food companies, which include well-known brands such as Ghirardelli, Godiva, Jelly Belly, and Harry & David, as well as an additional 2,000 SKUs of seasonal items for the Valentine's Day, Easter, Halloween, and Christmas seasons.

Tzetzo Brothers, an established leading provider of confectionery products sold to retailers throughout the United States. Based in Buffalo, NY and founded in 1927, Tzetzo provides its products in a variety of packaged and bulk formats. The company provides value-added packaging as well as bulk distribution of chocolate, non-chocolate confectionery, fruit & nut mixes and specialty products. Tzetzo has developed expertise in worldwide sourcing, warehousing, and transportation logistics. Tzetzo is known for a variety of trade names, including Mayfair Sales, Holiday Candy, Alpine Valley, Basket Stuffers, Candy Carnival, Kids Play, Select Brands, Select Sweets, and Totally Sour.

“Our leadership and guidance of Wythe Will Distributing’s acquisition of Tzetzo Brothers will enable a promising future for the companies,” says Parker Davis, partner, Slate Capital Group. “Together the businesses will dominate the industry with its successful leadership and dynamic brands. Slate Capital Group is thrilled to continue overseeing the equity and providing operational guidance to the companies.” 

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