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Woodbridge Closes Sale of Gracious Gifts to Consolidated Investment Group

NEW HAVEN, CT--(Marketwired - May 9, 2013) - Woodbridge International is pleased to announce the sale of the assets of its client, Gracious Gifts, Inc. to Funky Chunky, LLC, an affiliate of Consolidated Investment Group (CIG).

Gracious Gifts, Inc. is the Minneapolis, Minnesota-based creator of FunkyChunky, an iconic gourmet confectionary snack and gift company. The decadent products, such as hand-drizzled chocolate caramel popcorn, were originally included in gift baskets, but customer demand quickly inspired founder and creative artist, Ronni Feuer to develop FunkyChunky as a stand-alone product. Under the leadership of Ronni's husband, Sandy Feuer, Gracious Gifts has grown to include new flavors such as ChipZelPop, Candy Cane Popcorn, Sea Salt Caramel Popcorn, Peanut Butter Pretzels and Fix-Mix, many of which contain all natural ingredients.

Consolidated Investment Group (CIG) is an entrepreneurial company, headquartered in Englewood, Colorado, that manages a diverse portfolio of investments in private equity, capital markets, real estate, and philanthropy. David Merage, CEO and Principal, co-founded Chef America, a national frozen food manufacturer known for inventing and marketing Hot Pockets®, Lean Pockets®, and Croissant Pockets®. Upon his exit from Chef America, the company was growing at a rate of 15% per year, making it one of the most successful food companies in the world.

Woodbridge International, founded in 1993, is an innovative, marketing-driven M&A firm headquartered in New Haven, CT. The firm serves clients from its 10 North American offices and locations in the Netherlands, Mexico, Brazil and Honduras.