Daily News: May 12, 2014

TCF Capital Finances Ampersand Capital’s IFP Investment

TCF Capital Funding announced that it provided $14.95 million of secured financing to support the majority investment in Innovative Food Processors by Ampersand Capital Partners.

Headquartered in Faribault, MN, Innovative Food Processors is a manufacturer of powdered food and ingredients for the global food & beverage, health and medical nutrition markets. Since its founding in 1981, IFP has become one of the largest fluid bed batch agglomerators in North America. IFP operates as a turn-key provider offering all stages of production.

“We were pleased to have the opportunity to support Ampersand’s investment in IFP,” said TCF Capital Funding senior vice president Thomas Karle. “The TCF Capital Funding team is excited to invest in the food and ingredient space and to provide a financing solution that will support the company’s long-term growth and strategic initiatives.”