West Fort Meat Products completes financing new abattoir and deboning plant

Westfort Meat Products, established in 2013 as a merger between Lunenburg Meat and Meat Products Egbert Kruiswijk, realises an ambitious growth strategy with the construction of a new abattoir and deboning plant. Integrated Finance Solutions contributed by advising the company and assisting in negotiations on the financing required for construction of both facilities. Thanks to the support of the RVO, the refinancing – including a governmental guarantee (Garantie Ondernemingsfinanciering) - was completed at the beginning of December.
Financing is structured as a club deal between the existing partner banks ING and Rabobank and is based on English LMA documentation. The asset-based working capital facilities are provided by ING Commercial Finance and De Lage Landen.

Westfort Meat Products
Westfort is a highly specialised company that covers the entire range of meat processing: purchase of pigs at the farm, abattoir, meat processing, production of meat and supply of sliced meat to butchers, supermarkets, catering and meat processing companies within the Netherlands and beyond.
Westfort is a traditional company with an eye for innovation and with a rich tradition in pork. A company that comes from family-owned businesses that cherish their past and look forward to a new, mutual future. A future that will be made possible by the construction of a new, state of the art, abattoir and an (industrial) deboning plant in IJsselstein, the Netherlands.

The full merger of Lunenburg Meat and Meat Products Egbert Kruiswijk, as well as a concentration of all disciplines in one location, with modern means of production and adequate volumes, leads to a significant cost reduction and efficiency improvement. It ensures optimal communication and presentation to clients and supply chain partners and therefore offers the most favorable conditions for a solid future.

More information?
For more information please contact Integrated Finance Solutions at +31 (0) 30 760 2110.