GE Capital, Corporate Finance announced it is administrative agent on a $105 million cash flow credit facility to Columbus Manufacturing, a producer of premium-branded specialty Italian cured meats. The financing is being used to support the acquisition of Columbus Manufacturing, Inc. by Arbor Investments. GE Capital Markets served as lead arranger and bookrunner.
Founded in 1917 by Italian immigrants and headquartered in Hayward, CA, Columbus Manufacturing operates three manufacturing facilities in the San Francisco area and produces products such as finocchiona, genoa and Calabrese salame sold across North America. Headquartered in Chicago, IL, Arbor Investments is a specialized private-equity firm that focuses exclusively on acquiring companies in the food and beverage industry.
“GE Capital continues to make significant commitments to food and beverage companies,” said Ryan McKenzie, a partner at Arbor Investments. “Their industry expertise and experience certainly facilitates the financing process.”
“Whether for organic growth or acquisitions, our dedicated food and beverage specialists understand how to structure financing solutions to support our customers’ strategic goals,” said Chris Nay, senior managing director, GE Capital, Corporate Finance. “We strive to provide smarter, business-building capital to middle market food and beverage clients.”
GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; energy; 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 offers consumers and businesses around the globe an array of financial products and services.