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CapX Partners Provides $15MM Lease to Leading Contract Manufacturer/Packager

March 14, 2017, 07:05 AM
Filed Under: Packaging
Related: CapX Partners

CapX Partners (CapX) announced the closing of a $15 million lease line of credit to Gehl Foods, a leading contract manufacturer/packager.

Gehl Foods (“Gehl”), headquartered in Germantown, Wisconsin, creates shelf-stable, dairy-based cheese sauces, puddings, yogurt and nutritional beverages, and is now the nation’s leading aseptic manufacturer.

Gehl products are sold through both foodservice and retail channels. Their partners include 200,000 of the largest retailers, foodservice operators, and distributors throughout the United States, Canada, and Mexico. The company produces top-quality products out of four state-of-the-art facilities with over 800,000 square feet of manufacturing and storage space.

CapX recognized Gehl’s long-standing reputation for quality, safety, and performance in the dairy product manufacturing industry. With robust growth opportunities on the horizon and the need for increased production capacity, CapX provided the Company with a customized lease line of credit. This equipment lease facility will fund new automated cartoning and bottling production lines and will fulfill the Company’s need for increased manufacturing capacity.

Tim Preuninger, Chief Financial Officer at Gehl Foods:  “We have found CapX very easy to work with.  They are extremely responsive, they do what they say they will do, and they offered a strong financing program that was flexible to meet our needs.  I would enthusiastically recommend them to anyone that is looking for a competitively priced financing option that also requires a partner that can be flexible to address changing requirements.”

Bryan Rozum, Director at CapX Partners:  “CapX is pleased to work with Wind Point Partners on our third growth capital financing together. After gathering details on Gehl’s 2017 capex budget, CapX realized the value it could add by providing a flexible and customized financing solution.  CapX looks forward to supporting Gehl’s growth needs and is a proud financing partner to Gehl’s soon to be upgraded manufacturing and distribution process.”

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