Siena Lending Group LLC announced the completion of a three-year US$2.45 million senior secured credit facility for Southern Tier Pet Nutrition LLC on October 17. The facility will be used to support the company's working capital and capital expenditure needs.
Southern Tier Pet Nutrition, located in Sherburne, New York, USA, is a contract manufacturer of holistic, natural and organic petfoods in the US. The company is owned in partnership by BHC Interim Funding III, L.P. and Ohio Pet Foods Inc.
David Grende, president and CEO of Siena Lending Group, said, "We are pleased that we were able to support Southern Tier during this period of vibrant growth. We're impressed by the leadership in this business and look forward to working together to help management meet all of their future goals."
James Golladay, chairman and president of Ohio Pet Foods, said, "We are very excited to partner with Siena on this transaction. Their flexibility and responsiveness will allow Southern Tier to make productivity increasing investments and build upon the rapid growth it has experienced this year."
The latest data from Packaged Facts on hot trends and what the future holds for the US natural and organic pet market
Paperboard packaging, natural colors, cartoon graphics reflect the petfood line, Kaytee says
Internationally the small animal and bird market is teeming with innovative, healthy and marketable products that deserve a spotlight
Find the sources behind the research on geriatric pets presented in Dr. Karen Wedekind's article on ideal levels of protein
What does the new economic reality mean for petfood manufacturers, especially small- to medium-sized companies?
A new finding by the US National Organic Program could rule out certifying a complete and balanced petfood as organic
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.