Affiliates of H.I.G. Capital Successfully Complete Tender Offer for Shares of Matrixx Initiatives

Matrixx Initiatives, Inc. (Nasdaq: MTXX) and H.I.G. Capital, LLC today announced the successful completion of the tender offer for all of the outstanding shares of common stock of Matrixx by Wonder Holdings, Inc. and Wonder Holdings Acquisition Corp., both affiliates of H.I.G. formed for the purpose of acquiring Matrixx, for $8.75 per share in cash, without interest and less any applicable withholding taxes.

The offering period expired at 11:59 p.m., New York City time, on Monday, February 14, 2011.