Caro Nut Company, Inc.
“NAVIGATING THE EQUIPMENT FINANCING PROCESS IS NOT EASY. WE WERE LOOKING FOR A PARTNER THAT WAS UPFRONT AND HONEST FROM START TO FINISH. WITH CAPX, WE SIGNED THE SAME DEAL THAT WAS OFFERED IN THE ORIGINAL PROPOSAL. THERE WERE NO GAMES OR LAST MINUTE CHANGES.”
David Mahaffy, President and CEO
Caro Nut Company is a company specialized in bringing limited source nuts from around the world to market. They focus on partnering with growers and processors, some in developing countries, to bring high quality products to large retail customers. Headquartered in Fresno, California, Caro Nut is privately owned and supported by an experienced management team. The Company is currently building a new roasting facility which will allow the company to expand its product mix and services offered to its retail customers.
Caro Nut is just one of the companies operating under the Candor AGS portfolio. Each company underneath Candor AGS globally source specialized food products and sell into grocery and club stores worldwide, providing high quality products while also providing retailers a single source to navigating the global sourcing market.
THE CAPX SOLUTION
Caro Nut’s new roasting facility will allow the Company to continue to grow its product offering within the wholesale food production industry. Bolstered by the Company’s strong customer relationships across the Candor AGS portfolio, CapX was able to provide Caro Nut with a $5,000,000 capex lease line of credit to be used by the Company to purchase mission critical equipment to build this facility.