Organto Foods Secures Financing from Rabobank

Organto Foods Inc., a provider of organic fruit and vegetable products, announced a partnership with Rabobank to secure new financial and foreign exchange facilities. This agreement includes a flexible €4 million funding facility based on accounts receivable. Organto aims to expand these facilities as their business grows, with funds borrowed at the one-month EURIBOR rate plus a margin.

The foreign exchange facility includes access to Rabobank’s Easy FX platform, allowing for competitive hedging rates. This partnership marks a significant milestone for Organto, as it enters a key contracting season. The facilities are set to support Organto's growth in the organic and fairtrade fresh produce market.

Steve Bromley, CEO, and Bob Kouw, COO, emphasized the role of these facilities in accelerating growth and managing operational risks. They believe this positions Organto favorably to meet increasing demand for organic food products.