Snack Foods Company
•Snack food company founded in 2005 focusing on the manufacturing, marketing, and distribution of gourmet popcorn.
•The company has over 30 retail outlets nationwide as well as presence in key modern trade outlets (supermarkets, department stores, convenience stores) and also exports its product to other markets (Southeast Asia and Middle East)
•While the core business is robust, the company has been suffering from a large debt overhang due to certain legacy investments and prior operational inefficiencies
•ARQCapital has been bridging the company’s working capital requirements via funding of purchase orders, providing financing against assignment of collections, and bridging capital required for certain expansion projections