November 23, 2015

Texas-based Satori Capital has acquired a majority stake in Phoenix, Arizona-based branded and private label nut and dried fruit producer, SunTree Holdings for an undisclosed amount.

SunTree produces dried fruit and nuts including salted and roasted nuts, trail mixes, chocolate and yogurt-covered nuts, and the deal is an additional example of an investor moving to gain a stake in the dynamic ‘better for you’ snack segment in response to consumers’ demand for healthier foods.

Supported by the wave of increased consumer demand, SunTree has seen a doubling of its annual revenues since 2012, from approximately $50 million to more than $100 million.

“SunTree is a quintessential Satori portfolio company,” said Sunny Vanderbeck, managing partner of Satori Capital in a company press release.  “It is a rapidly growing business led by a sustainably minded team providing ‘better-for-you’ snacks in an industry with significant tailwinds.”

SunTree Holding’s existing production facility has a current capacity to double production, and the company plans to use the capital provided through Satori’s investment to support this production.

“Satori’s investment will enhance our ability to continue providing creative and innovative food products to new and current customers from our existing plant, which has the highest Safe Quality Food (SQF) rating in the industry and the current capacity to double production,” said David Turner,  founder and chief executive officer of SunTree.