First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, WI.
Winona Foods is a processor and distributor of cheese and cheese products for the food service, industrial ingredients and retail sectors. The company’s manufacturing capabilities allow it to produce a variety of cheese products along with other portion-controlled products, such as dips, sauces and dressings.
“We appreciated CIT Northbridge’s agility and expertise in delivering a financial package that supports our efforts to make meaningful strides toward our strategic objectives, especially as we head into a new year,” Luke Kelly, CFO of Winona Foods, said.
“We were delighted to support Winona Foods with this financing to help grow their business,” Neal Legan, who leads the team that advises CIT Northbridge Credit, said.
