Premium diversified machinery firm General Electric Company’s GE financial unit, GE Capital, recently declared its decision to act as the primary provider of a $180-million secured credit facility for a Chicago, IL-based beverage & food company, Arbor Investments. The company would utilize the funds to acquire majority stake in DPI Specialty Foods, Inc. (‘DPI’).
Arbor Investments and GE Capital’s business alliance goes back long time. The two companies have jointly funded several opportunities for many food & beverage organizations.
DPI Specialty Foods is a renowned specialty food distributer in the U.S. The company offers organic and gourmet food products to regional, national and independent retailers through 8 distribution hubs across the country. As the sole book runner and lead coordinator of the credit facility, GE Capital intends to help boost the commercial growth of DPI.
General Electric is one of the largest and the most diversified technology and financial services firms in the world. Its products and services range from aircraft engines, power generation, water processing and security-related technologies to medical imaging, business & consumer financing, and industrial products. GE Capital, the financial service providing unit of General Electric, offers commercial leasing and lending as well as wide range of financial services for media, health care, communications, real estate, aviation, consumer and entertainment industries. We believe the new credit facility would help General Capital reinforce the food & beverage market performance in the near future.
Stocks to Consider
General Electric presently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Federal Signal Corp. FSS, Aggreko plc ARGKF and Astec Industries, Inc. ASTE. All three stocks hold a Zacks Rank #2 (Buy).
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