BHI FOOD & BEVERAGE GROUP ANNOUNCES $61 MILLION IN NEW FINANCING TRANSACTIONS

BHI, a comprehensive-provider professional financial institution, announced that its Foods & Beverage Team has organized a total of $61.6 million in two new funding transactions for shoppers Teasdale Latin Foodstuff and Resnick Distributors.

 

For Teasdale Latin Meals, BHI presented a revolving line of credit history to refinance existing credit card debt and guidance the functioning funds needs of the company.  With roots relationship to 1942, Texas-primarily based Teasdale is a non-public fairness-owned foods corporation targeted on the Hispanic foodstuff class.  The enterprise has a portfolio of 7 makes and operates with significant title manufacturer food stuff firms via non-public label and co-producing interactions.  This funding marks the second BHI transaction for a portfolio enterprise of Snow Phipps Team, LLC, the private equity sponsor.

 

“The skilled workforce at BHI shown their expertise at doing work with food stuff and beverage providers.  They totally recognize our requires and guidance our targets as we transfer in advance with our specific options for development,” said Caryn Doyle, CFO of Teasdale Latin Foodstuff.

 

For Resnick Distributors, based mostly in New Brunswick, New Jersey, BHI offered funding for doing the job capital, capital expenses, and authentic estate.  Founded in 1945 and now in its third technology, Resnick ranks in the major 25 greatest usefulness retailer distributors in the region.

 

“BHI is now our principal banking romance and has develop into a trustworthy monetary companion.  The F&B team has arrive to know our company well, and we search ahead to doing work with BHI on an ongoing basis into the foreseeable future,” said Steven Resnick, President of Resnick Distributors.

 

“We are pretty delighted to partner with the two Teasdale and Resnick.  At BHI, it is our priority to forge own and extended-phrase relationships with consumers that go past a solitary transaction.  We fully grasp the exceptional problems of meals and beverage businesses and tailor fiscal solutions to meet up with them,” mentioned Thomas Vigna, SVP and Group Chief of Food stuff & Beverage – BHI New Jersey Agent Business.

 

About BHI (www.bhiusa.com)

BHI is a registered provider mark of Financial institution Hapoalim B.M., Israel’s major economical establishment. BHI’s U.S. division offers industrial lending remedies to center marketplace consumers in sectors which includes commercial serious estate, C&I, foods and beverage, leisure, attire, healthcare and significant-tech.  In addition to its New York Department, the lender has U.S. Consultant Places of work in Woodcliff Lake, New Jersey Miami, Florida and Los Angeles, California.

Barbara J. Miriam

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