This family owned business consists of the value-added processing of pork and ground beef products, cold storage services, and a trading operation.
After the company’s manufacturing facility was destroyed by fire, the owners used the insurance proceeds to buy, refurbish and equip a production plant to support a new line of products for sale to major grocery chains and food service distributors.
The company exhausted funds available from the insurance proceeds and existing credit facilities, and sought additional funding from the lender. Cedar Croft was engaged to validate the company’s new product strategy, make recommendations for improvement, assist management in execution of the strategy, and quantify the going-forward funding requirements.
The result was the company was able to secure a commitment from its lender for the additional financing required to execute its business plan.