GE Capital, Corporate Finance today announced it is providing $107.7m in credit facilities to Mariani Packing, one of the world’s largest independent producers of dried fruit.
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."
