The financing was used to acquire GreenLine Foods, a leading processor and distributor of produce, and to provide working capital. GE Capital Markets served as lead arranger on a portion of the term financing.
“In our ongoing discussions over the past few years, it became clear that we could turn to GE Capital’s food and beverage team,” said Greg Skinner, CFO of Landec Corporation.
“GE Capital understands the intricacies of the food industry which was vital in providing the commercial and equipment financing to make this acquisition and help grow our business.”
Source: GE Capital, Corporate Finance
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