Source: Press Release 4/29/2020

Altair Acquisitions Acquires Wildtree

FRISCO, Texas, April 27, 2020 -- Altair Acquisitions, LLC ("Altair") announced today that it has acquired all of the material assets of Wildtree, Inc., a manufacturer of organic and allergen-sensitive spices, oils, mixes, sauces, and meal replacement products. Wildtree, Inc., originally founded in 1999, has been providing flavorful, healthy, all-natural products and meal solutions to customers for more than two decades. Wildtree is and will continue to be headquartered and conduct manufacturing in Lincoln, Rhode Island. The purchase will allow Wildtree to grow its product offerings and expand into new markets where customers seek gluten-free, low-sugar, vegetarian, kosher and organic options.

"The timing is perfect for an investment in an organization like Wildtree," said Erik Toth, Chief Executive Officer of Altair Acquisitions. "Consumers are increasingly focused on healthful eating, and Wildtree makes it easier to provide these options to their families every day." Wildtree's product line includes spice blends, seasonings, rubs, sauces, marinades, oils, and dressings. Most Wildtree products are certified Organic, Non-GMO or Kosher. He went on to say, "The company is benefiting substantially from the trend towards subscription-based product delivery and online retailing of innovative food products. We plan to leverage that in significant ways."

"We couldn't be more excited about having the Wildtree brand and its products as part of the Altair portfolio of companies," said Michael Gilkenson, Chief Operating Officer of Wildtree. "For over 20 years, Wildtree has given health-conscious families nutritious options to make mealtime special by staying true to our ingredient transparency philosophy. With Altair's investment, the organization will continue its presence in the market and can look to a future of innovation and growth."

"Our plan includes partnering with legacy sales representatives and customers that effectively built the original business, and who we enthusiastically embrace as part of the future of the business, to continue the culture of excellence that has been a hallmark of Wildtree's product offering and customer experience model for many years," said Tracy Williams, Chief Investment Officer of Altair. "The value creation opportunity for the company's new investors is substantial due to the thoughtful deployment of growth capital, alongside the expansion of historical revenue streams and diversification of Wildtree's distribution outlets."

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