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TCF Capital Funding Provides $11.25MM in Investment Financing to Corridor Capital

May 15, 2017, 07:20 AM
Filed Under: Food Services

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided $11,250,000 in secured financing in connection with Corridor Capital, LLC’s investment in Indo~European Foods, Inc.. Centerfield Capital Partners, a mezzanine debt and equity investor, participated with Corridor in supporting Indo~European.

For nearly 40 years, Glendale, CA-based Indo~European has been a leader in providing specialty and gourmet Eastern European, Mediterranean, North African and South Asian foods to high quality independent, ethnic grocers in the Western U.S. and select national food wholesalers and retailers. Indo~European sources, develops, markets and distributes a broad offering of genuine Eastern European, Mediterranean, North African and South Asian spreads, preserves, condiments, appetizers, cheeses, confections, seasonings and specialty grains and rice. Indo~European has differentiated itself over the last four decades by offering a unique combination of the highest quality, most authentic ethnic brands, competitive prices, and unparalleled service to its retail and wholesale partners.

“We are excited to partner with Indo~European, Corridor and Centerfield. Through an extensive knowledge of and passion for ethnic and specialty foods, the Indo~European management team has proven its ability to consistently meet the needs of its customers in the evolving specialty foods market. We believe the partnership between the Company’s management and Corridor will allow Indo~European to enhance its value to customers and expand its product and service offerings,” said Kevin Nowak, TCF Capital Funding Senior Vice President.

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