Asset Finance Loan
Background
Phil’s Martin’s quest in search of the perfect corn tortilla and tortilla chips led to the foundation of Blanco Niño in 2016. Operating in the heart of Ireland, Tipperary, their award-winning products are now being sold in leading Mexican restaurant chains across 16 European countries; as well as premium retailers across Ireland, the UK, Sweden, Norway and Iceland.
Challenges
While the Blanco Niño brand was well established in the Irish and European markets, the company wanted to invest further in R&D and streamline their production process. Improving shelf life, freshness and product lifespan with sustainable recyclable packaging was a key goal for the company. Moving from manual to more efficient and automated production would support improved profitability. To achieve these ambitions, Phil would need to invest in new machinery and equipment – and he required a finance partner who understood his business and would support his goals.
Solutions
Capitalflow was delighted to support this growing business operating within a competitive market. By partnering with Capitalflow, the business was able to progress its product development and business growth ambitions.
Capitalflow’s support to enable Blanco Niño invest in new machinery and equipment was instrumental in overcoming the challenges and achieving their business goals – improving the quality of the products and increasing their shelf life. The new automated packaging solutions have allowed Blanco Niño to improve their team’s efficiency, moving from expending costs on manual packaging to focusing on improving their production and quality.
Deal
- Total Cost of Systems: €500,000
- Term: 60 months per deal
Challenges
- R&D Investment Needs
- Requirement for new production and packaging equipment
Benefits
- Sustainable Solution
- More Efficient Production
- Premium Product Delivery