QUICK LINKS: Vending Videos  | Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:    

Bookmark this site




Issue Date: Vol. 50, No. 12, December 2010, Posted On: 12/14/2010


Wise Completes $48M Credit Facility


Emily Jed
Emily@vendingtimes.net
Wise Foods Inc., Wise credit facility, Wise potato chips, vending snack foods, vending machine potato chip, New York Deli, Ridgies, Cheez Doodles, Dipsy Doodles, Ally Commercial Finance

BERWICK, PA -- Wise Foods Inc., a leading regional salty snack company, announced that it has completed a new $48 million credit facility.

Officials said the revolving credit line and a term loan provided by Ally Commercial Finance and Siemens Financial Services Inc. will allow Wise to refinance existing debt and better position the company to pursue future opportunities for growth.

Additionally, Wise said the funds will be used to return capital to certain funds affiliated with Palladium Equity Partners LLC through a dividend payment. Wise was acquired by an affiliate of Palladium in October 2000.  

Founded in 1921 and based in Berwick, PA, Wise Foods manufactures salty snacks distributed on the eastern seaboard of the United States. It produces potato chips, cheese snacks, popcorn, tortilla chips and corn chips under the Wise, New York Deli, Ridgies, Cheez Doodles and Dipsy Doodles brands.


Topic: Vending Features

Articles:
  • U-Vend Named Exclusive Self-Serve Merchandiser Of Arthur's Smoothies In Canada
  • Automated Merchandising Systems Changes Ownership; Roger Tovar Becomes CEO
  • Coke Buys Stake In Monster Beverage For $2.15B
  • San Diego Prohibits E-Cigarette Sales Through Vending Machines
  • California Lawmakers Kill Proposed Ban On E-Cigarette Vending Machines

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570