Winona Foods, Inc.

Client Profile

Winona Foods was founded in 1995 with the strategic mission of providing high quality cheese products and best-in-class customer service.  Leveraging two state-of-the-art production facilities in Green Bay, WI, the Company has become an industry leading manufacturer and distributor of natural, processed, and specialty cheese products to the food service, industrial ingredients, retail, and co-packing sectors.  The Company’s fully integrated manufacturing capabilities allow the Company to cut, slice, chunk, cube, and shred cheese, as well as provide portion-controlled products in dips, sauces, preserves, jams, jellies, and dressings.

Situation

Winona Foods sought to refinance its existing indebtedness and secure additional capital for future operations and strategic growth initiatives.

Solution

SSG acted as investment banker to Winona Foods, Inc. in the private placement of a term loan.  The term loan was placed alongside a revolving credit facility.  The new financing was utilized to refinance existing indebtedness and will provide additional liquidity for future operations and strategic growth initiatives.  The transaction closed in December 2023.