A Kent-headquartered fresh fruit supplier is set for further international growth with a $300m facility secured from a trio of banks, led by HSBC UK. Westfalia Fruit Group will utilize a multimillion-dollar revolving credit facility (RCF) from HSBC UK, the International Finance Corporation (IFC) and Standard Bank to fund potential investments and working capital.
The avocado supplier plans to expand its sustainable avocado production at its existing packaging, ripening and storage facilities, while exploring new markets. This includes further developing its orchards and nurseries in Colombia, India, Chile, Mozambique, Peru and South Africa to scale up avocado production.
Source: insidermedia.com