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CIT Northbridge Credit Provides Working Capital Financing to Winona Foods

December 21, 2023, 07:45 AM

First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, has provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, Wisconsin.

Winona Foods is a fully integrated processor and distributor of cheese and cheese products for food service, industrial ingredients, and retail sectors. Their sophisticated manufacturing capabilities allow Winona Foods 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," said Luke Kelly, Chief Financial Officer of Winona Foods.

"We were delighted to support Winona Foods with this financing to help grow their business," said Neal Legan, who leads the team that advises CIT Northbridge.

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