BHI, a New York-based commercial bank, announced that its food and beverage group has arranged a $16.5 million credit facility for White Toque, a frozen food distributor. With this financing, BHI’s new food and beverage group originated over $100 million in credit facilities across various food and beverage 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,” says Thomas Vigna, senior vice president and team leader of food and beverage.
Headquartered in Secaucus, N.J., 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 United States. White Toque will use the financing to fund further the expansion of its operations and product lines.
“We are very pleased to be working with BHI as we look to increase our footprint in the specialty and frozen food industry. The BHI team understands our needs as we move ahead with the implementation of our targeted expansion strategy,” says Didier Amiel, president of White Toque.