Armory Securities, LLC Announces that Fruit of the Earth Secures new $30 Million Term Loan and $60 Million Amended Credit Facility

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). Proceeds from the financing were used to provide additional capital for the company’s growth and take out its existing equipment term loan.