Imperial Frozen Foods accepts equipment lease line of credit to finance new production facility
Imperial will use the CapX lease facility to finance equipment for the company’s new production facility in Savannah, Ga.
CapX Partners, Chicago, closed a $2.6 million customized equipment lease line of credit to Imperial Frozen Foods, a supplier of frozen fruits and fruit blends based in Wake Forest, N.C. Imperial will use the CapX lease facility to finance equipment for the company’s new production facility in Savannah, Ga.
Founded in 1957, Imperial Frozen Foods specializes in the global sourcing and packing of private brands for the retail and foodservice segments, and strategically partners with brands such as Sunkist Growers to offer its own brand, SunVale, for retailers.
CapX’s lease facility will fund state-of-the-art packaging and bagging equipment for multiple production lines, and will help provide needed capacity for growth while optimizing logistics. CapX’s flexible approach will allow Imperial to efficiently purchase and install the equipment and have the plant fully operational to service growth in product demand.