Done Deal: Foyle Food Group

New Markets

PNC Business Credit Case Studies
Foyle employee taking a beef order from a customer

The Company: Sector Leader

Northern Ireland headquartered Foyle Food Group (Foyle) is a beef processing business which has traded for more than 40 years. The Group operates from 8 state of the art facilities across the UK and Ireland, employing 1,300 people.

The Deal: New Markets

Foyle’s products are supplied globally to leading retailers and foodservice providers. The company’s strategic plan is to expand the business across a number of new markets, both domestically and internationally, and to simultaneously develop and extend its product lines.

The Achievement: Increased Working Capital

The new facility from PNC has been tailored to provide the ideal platform from which the company can build on its sector leadership in the years ahead.

Manufacturing

Foyle

£85,000,000

Asset-Based Revolver

Working Capital

Financing Event: Growth
PNC Deal Leader: Alistair Hood

Foyle Food Group is delighted to have secured new funding facilities from PNC, after a competitive tender process. These three year committed facilities are designed to assist the company with its ongoing funding requirements and with its plans for further controlled expansion into new markets and products.

__ Oliver McAllister | Group Finance Director, Foyle Food Group