With this financing, BHI’s new F&B Group, which launched last year, originated more than $100 million in credit facilities across various F&B categories in 2019.
“We take a personal approach to working with food and beverage companies, offering the tailored credit solutions they need for the continued expansion of their businesses. We look forward to a long-term and rewarding relationship with White Toque,” said Thomas Vigna, SVP and team leader of Food & Beverage – BHI New Jersey Representative Office.
Headquartered in New Jersey with operations in California, Florida and Canada, White Toque sells both frozen and dry specialty foods to more than 250 distributors and wholesalers across the U.S.
“Our new F&B group has made rapid progress since it was initiated in the first quarter of 2019. In less than a year, the team has added to an existing roster of stellar clients and realized a robust volume of originations. Providing financing solutions for food and beverage companies will be an integral part of BHI’s growth strategy going forward into 2020,” said John Yoler, Division Executive – BHI New Jersey Representative Office.
In addition to White Toque, some of BHI’s 2019 F&B financing transactions included: a $58 million credit facility to an importer and distributor of nuts and snacks; a $22 million facility to an importer and distributor of sustainable coconut based oils, derivatives, and specialty green chemicals used in food, cosmetics, and industrial industries; and a $7.5 million credit facility to a leading supplier of colorants and raw materials used in the production of food and beverage containers.