Ingredients / Fiber

Fiberstar closes on strategic growth transaction

July 26, 2013
/ Print / Reprints /
/ Text Size+

Fiberstar Inc., River Falls, Wis., has completed a $10.64 million debt transaction with Associated Bank, N.A., and Spell Capital Mezzanine Partners SBIC, LP. Proceeds from the capital raised will be used to quadruple Fiberstar’s production capacity, support the market introduction of its new gelling ingredient, Citri-Gel, and as working capital to support the company’s growth.

“This financing was secured because of strong third-party validation of Fiberstar’s technologies, products, business model, strategic plan, customer validation and satisfaction, leadership model and financial performance, which are a direct result of the acumen of Fiberstar’s talented innovation, production, marketing, sales, distribution and customer support teams,” says Dale Lindquist, president and CEO.

Fiberstar’s Citri-Fi ingredient is used by global food manufacturers to improve the quality, clean labeling and cost of the products into which it is incorporated. The company expects its ingredients sales to surge beginning in 2014, when Citri-Fi will no longer be under allocation.

Fiberstar’s other brands are Imulsi-Fi and Hydro-Fi.

Did you enjoy this article? Click here to subscribe to Snack Food & Wholesale Bakery Magazine 

You must login or register in order to post a comment.



Image Galleries

James Skinner Baking

An inside look at James Skinner Baking, a modern artisan bakery famous for its Danish.

12/4/14 2:00 pm EST

How a DSD Solution with Sales Forecasting can reduce your Stale Percentages up to 50%

Expert presenters will address how you can improve your order accuracy and account service times and how sales forecasting DSD solutions can reduce your stale percentages.

Snack Food & Wholesale Bakery Magazine

sfwb jan 2015

2015 January

January's Snack Food & Wholesale Bakery publication features our cover report: "The classic appeal of Golden Boy" Plus Much More!

Table Of Contents Subscribe

New Year's Resolution Poll

Most people make at least one food-related New Year’s resolution each year. Which of the following do you resolve to tackle in 2015?
View Results Poll Archive


Organic Production and Food Quality: A Down to Earth Analysis

Effects of Organic Production on Food Quality is the first comprehensive book on how organic production methods influence the safety and quality of foods, based on an unbiased assessment of the latest scientific findings.  The title is a 'must-have' for everyone working within the food industry.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Facebook IconTwitter IconYoutube IconLinkedIn Icon

The Weekly Mix

Operations Weekly Logo

Written by Snack Food & Wholesale Bakery editors, our Operations Weekly weekly enewsletter provides bakers and snack food manufacturers with up-to-the-minute news, ideas and industry trends.

Sign up today!