Gerber Finance closed a $5 million line of credit to French Transit, parent company of MyChelle Dermaceuticals, Crystal Deodorant and Luster Premium White. The new funding will support the expansion of French Transit’s health and skincare portfolio. The deal was managed under the Naturally Gerber Finance division, which works with companies within the natural products space.
“Gerber Finance has deep expertise in the consumer products industry, understands the complexities of our business and can adjust to our needs as we expand,” John Samoya, CFO of French Transit, said. “We’ve worked with Gerber previously and they were extremely supportive and creative in structuring financing, so they were the obvious choice when we needed financing for these companies.”
“With our personalized approach to financing and people-first team, we place an immense importance on cultivating relationships with our clients and we’re thrilled to partner with this management team again,” Jennifer Palmer, CEO of Gerber Finance, said. “We’re excited to see French Transit’s continued growth with this new round of funding.”
