CAPX PARTNERS, ACCORD’S AFFILIATE, PROVIDES EQUIPMENT FINANCING FOR MONTREAL FOOD PACKAGING COMPANY
CapX Partners (CapX) provided a $9.8 million equipment loan facility to a Montreal leader in the packaging industry. The company, with expertise in rigid and flexible packaging for the food industry, required funding for new plastic extrusion and thermoforming lines.
The company is an innovative packaging company that focuses on sustainability. They are a leader in the packaging industry and have developed new sustainable packaging solutions for the food industry to meet changing consumer demands.
The packaging industry is in constant need of innovation, especially with the switch in consumer trends towards sustainable packaging. After looking at traditional financing, the Montreal-based packaging company turned to CapX to finance the production of their newly developed sustainable line of packaging. A foreign ownership structure, in addition to complex financial statements, made the stand-alone financing challenging to banks and traditional lenders.“We were able to understand the growth benefits of obtaining and installing new manufacturing technologies and proposed a comprehensive lease finance package that meets the company’s needs to start 2019 production.” - Eric Starr, Partner at CapX Partners
Accord is experienced in financing the food and packaging industries and ready to provide senior asset-based lending credit facilities and standalone equipment financing to companies seeking larger or more flexible credit facilities. To learn more about Accord and the industries we serve, please contact us directly or click here.