1812 Brewing Company Inc (KEGS)

[NYRedneck]

This sounds like success to me.

If not making making money how would they get financing?

Alteri Bakery parent secures equity financing | Bakingbusiness.com | January 08, 2010 01:29 | Baking Business
https://www.bakingbusiness.com/articles/38960-alteri-bakery-parent-secures-equity-financing 1/1
Alteri Bakery parent secures equity financing
06.07.2009
By Eric Schroeder
GOVERNEUR, N.Y. — Seaway Valley Capital Corp., a holding company whose portfolio of companies include
Alteri Bakery, has reached agreement for equity financing of up to $20 million from Boston-based Auctus Private
Equity Fund, L.L.C.
Thomas Scozzafava, chief executive officer of Seaway Valley, said the funds primarily will be used to repay debt
associated with Hackett’s Stores, Inc., but also will be used for capital equipment additions at Alteri Bakery.
Alteri Bakery, which has served the north country region with baked foods since 1971, is one of the last traditional
Italian bakeries in the area, and product lines includes Italian bread and specialty pastry items, such as cakes,
cookies, muffins, bagels, and specialty gift baskets.
Last October, Seaway Valley joined Fields as Factories, L.L.C. and Golden Technology Ventures to form North
County Farms, L.L.C., a company that pursues value-added agricultural production, processing and marketing
ventures with an initial focus on flour production.