According to a news release on their website, NIBC Bank completed a senior debt transaction for their new client Looije Tomaten Holding, stepping in at a decisive moment for the Dutch producer. Looije will use the financing to acquire additional land, invest in production expansion and new packaging capacity. Looije Tomaten Holding is a large and successful Dutch producer of high-quality tomatoes. Its branded Honing tomatoes are the best and most expensive Dutch tomatoes, distributed exclusively via speciality stores in the Netherlands and Germany.
Looije came to NIBC and fellow bank ABN AMRO when he wanted to buy extra land and expand production and packaging capacity. He was in a hurry: he needed the financing quickly so he could order new greenhouses in time to launch the winter season production cycle.
"This was a great opportunity to make a difference to a truly entrepreneurial company," says Hans Rijnberg, Director on the Food, Agri, Retail (FAR) team.
"The agri sector has been through some tough times, but we're convinced that in every industry there are good businesspeople and good transactions that merit financing," says Hans. "This deal really came at a critical moment for Looije Tomaten, which is the heart of our mission as a bank."
Source: NIBC.COM
Announcements
Vacancies
- Head Grower Strawberries, Australia
- Growing Manager for Hydroponic strawberry producer
- Farm Manager Costa Rica
- Regional Sales Manager Fresh Produce
- Head Grower Strawberries, Norway
- Export Trade Manager
- Business Developer - Northern Europe
- Orchard Sector Manager
- Grower
- International Citrus Account Manager
Europe: Senior debt financing helped Looije Tomaten to expand
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-09-28 UAE: Emirati farmer who grows 4,000 pineapples annually says farming in the desert is easy
- 2023-09-27 Tide to table: growing salmon and leafy greens in America's Dairyland
- 2023-09-27 Maharashtra farmer feeds his entire tomato crop to his cows
- 2023-09-26 US (CO): Harvest season is in full swing in Southern Colorado
- 2023-09-26 6 years after Hurricane Maria, Puerto Rico residents and farms take recovery into their own hands
- 2023-09-26 First boxes of microgreens delivered to customers in Northern Norway
- 2023-09-21 US (MA): Lancaster refugee farm destroyed by flooding
- 2023-09-21 “Smaller growers are very, very isolated"
- 2023-09-19 Pure Harvest eyes further growth with $150m strategic Richel Group Partnership
- 2023-09-18 Spain: Japanese strawberry variety allows better market entry and brand growth
- 2023-09-18 Denmark: Nordic Greens opens automonous greenhouse
- 2023-09-18 US (OH): “There is really no prescription for this type of farming. We're still figuring out how to make it better"
- 2023-09-14 US (NY): Taking on the Eastcoast in phased expansion, raising another $10 million
- 2023-09-12 US (FL): Greenhouse, classrooms grow on John Rivers’ Packing District farm
- 2023-09-11 US (OR): Immigrant farmers grow hard-to-find pantry staples
- 2023-09-11 "Sales have been at constant levels since the middle of July"
- 2023-09-07 US (UT): Greenhouse farm cultivates community through hydroponics
- 2023-09-06 Kenya: Kirinyaga government supports tomato growers in building horti infrastructure
- 2023-09-05 “We harvest and we seed everyday, but we still do it with about 12 folks"
- 2023-09-05 India: Deputy Chief Minister visited hydroponic farm
