Gordon Brothers provided a $10.6 million term loan to Dominion Packaging to increase the company’s liquidity and support its continued growth.
Dominion Packaging, a manufacturer of branded folding cartons and boxes within the beverage, food and confectionary industries, will use the funds to refinance existing debt and invest in additional assets needed to meet increased demand.
“Dominion Packaging saw incredible growth in the last year with rising demand across the beverage and snack market,” Kyle C. Shonak, managing director at Gordon Brothers, said. “The company’s proven track record and leadership within the industry uniquely position the business to continue to thrive in a changing marketplace. We’re proud to support that growth.”
“Gordon Brothers recognized our company’s value and worked with us to customize financing that fit our business needs,” Steve Smerjac, CFO at Dominion Packaging, said. “The team worked quickly, helping us secure the working capital we need now to meet growing production demand.”
