Ingredients / Fiber

Fiberstar closes on strategic growth transaction

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

Golden Boy Pies

For the complete story on Golden Boy Pies, see “The classic appeal of Golden Boy.”

4/14/15 2:00 pm EDT

Gluten Free: The Rising Growth Market

On April 14, Snack Food & Wholesale Bakery will launch its 2015 Editorial Webinar Series with a web event on how Gluten-Free is impacting the commercial snack and bakery market—the first of four scheduled web events.

Snack Food & Wholesale Bakery Magazine

sfwb march 15

2015 March

March's Snack Food & Wholesale Bakery publication features our cover report: "Canyon Bakehouse redefines gluten-free" Plus Much More!

Table Of Contents Subscribe

Sweet-Savory Flavor Combinations

When it comes to snacks, what’s your favorite sweet-savory flavor combination?
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!