Armory Securities, LLC is pleased to announce that Fruit of the Earth has secured a new $30 million term loan and $60 million amended credit facility. Armory served as exclusive financial advisor and placement agent to Fruit of the Earth for the transaction.
Fruit of the Earth, Inc. is the leading private label manufacturer of sun care and skin care related products to major mass market, drug and grocery retailers. The Company provides its customers a complete turnkey solution – managing the product from design, formulation, testing and compliance to manufacturing and distribution.
Founded in 1980, Fruit of the Earth is a family-owned sun and skin care company based in Texas that has grown to be one of the largest and most respected private-label producers of sun and related skin care, household and health care products in the U.S. FOTE’s product portfolio is comprised of over 1,000+ SKUs (primarily private label brands).
For information on this transaction or about Armory Securities, please contact one of the following deal team members:
Armory Securities, a division of Armory Group, LLC, is a leading investment bank dedicated to helping middle market companies and their constituents. Armory Group, through its subsidiaries, provides investment banking services, asset management services and advisory services, including enterprise transformation and interim management, to middle market companies and their stakeholders. Learn more about Armory Group, and its subsidiaries, at www.armorygroupllc.com.
Armory Securities, LLC, member FINRA, Member SIPC