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North Mill Capital Closes $12.9MM in Financing for Devault Foods

March 15, 2018, 07:00 AM

North Mill Capital closed  $12.9 million in financing for Devault Foods. The funding was comprised of a $10 million asset based lending credit facility which encompassed both accounts receivable and inventory and a $2.9 million equipment term loan. The funds were utilized to pay off the previous lender and provide working capital for the company. 

Devault Packing Company, Inc. is a meat processor specializing in the sale of beef to the fast food, restaurant and food services industry. Headquartered in Malvern, PA, it has the capacity to manufacture and distribute over 2 million pounds of product weekly from its 114,000 square foot state-of-the-art production facility.


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