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Union Bank Provides $16.9MM in Expansion Capital to Freska Produce

August 22, 2017, 10:00 AM

Freska Produce International, LLC, a marketer of Mangos and Avocados, announced it has secured $16.9 million of financing with Union Bank.

According to Freska Partner Jesus “Chuy” Loza, this deal was something that took us to the next level in business opportunities and development of the Freska brand of products and services. Our constant growth and strong financial results are proof we have good momentum in the market and we feel very confident in our new financing partner. They brought forward some ideas others did not which made it easy to pick them as our new financing partner.

The new financing provided needed capital to expand warehouse operations in Nogales Arizona and Edinberg TX and purchase a new packing house for California avocados. This will also provide needed capital for opportunities that may arise in the future. Freska currently has owned locations in Oxnard, CA, Nogales, AZ, Los Angeles, CA and currently in design phase of a location in Edinburg, TX.

Freska Produce was established in August of 2004, celebrating its 13th year of providing Mangos and Avocados to our customers with the “World’s Finest Mangos” 365 days per year. To do this we have procured the best growers around the world. Our team of quality control experts travel from region to region we pack in to oversee the packing and shipping of the products we bring to you.

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