$15,000,000 Equipment Lease Facility
Califia Farms to Expand Distribution & Bottling Plant
Los Angeles-based Califia Farms was founded in 2010 by beverage visionary Greg Steltenpohl. It is now one of the fastest-growing beverage companies in the U.S. and named one of the most innovative consumer brands of 2016 by Forbes magazine.
Renowned for having the best-tasting, plant-based beverages on the market, Califia has become the number one nutmilk and refrigerated RTD coffee brand in the natural channel by creating innovative, healthy and great-tasting premium beverages that make it easy for consumers to go ‘plant-powered,” without compromise.
The demand for Califia Farms’ great-tasting, premium plant-based beverages has grown significantly year-over-year. In order to meet the growing demand, they needed to build two new production lines, which required a significant investment and has resulted in tripling the output capacity at their Bakersfield plant.
Califia Farms contacted CapX as the company looked to expand its state-of-the-art, intelligently designed distribution and bottling plant located in Bakersfield; known as the heart of California’s agricultural center. Willing to work with this growing company and offer them flexible financing options,
CapX provided a $15,000,000 true lease structure that facilitated the procurement of new bottling and pasteurization lines to further expand capacity.