NewswireToday - /newswire/ -
Chicago, IL, United States, 2014/11/18 - GE Capital, Corporate Finance announced it is providing $107.7 million in credit facilities to Mariani Packing, one of the world’s largest independent producers of dried fruit - GECCF.com. NYSE: GE
Mariani Packing, headquartered in Vacaville, CA, sells premium products in more than 40,000 retail outlets in the United States and in 52 countries around the world. They produce more than 150 million pounds of dried fruit per year from both their California headquarters and their Wisconsin Rapids, WI facility.
“We have worked with GE Capital on the equipment side for more than 20 years with great success. When it came time to reevaluate our working capital needs, the GE team demonstrated a commitment to the food and beverage space. In addition, GE provided a multi-year credit facility that will match our future growth,” said Mark Mariani, CEO of Mariani Packing. “We highly value the team’s expertise in our industry and are excited to expand our relationship with GE Capital.”
“We specialize in developing comprehensive financing solutions for mid-size customers,” said Chris Nay, senior managing director, Food & Beverage, GE Capital, Corporate Finance. “Creating flexible financing for both capital equipment and working capital allows for companies like Mariani to continue to grow.”
About GE Capital, Corporate Finance
GE Capital, Corporate Finance (geccf.com) provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses expanding in North America, Asia and Europe. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: aerospace; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; oil and gas; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics. With Access GE, clients also benefit from access to GE’s best practices to help build their business.
GE Capital (gecapital.com) offers businesses around the globe an array of financial products and services. GE ( ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.