Overhill Farms consolidates four facilities
Apr 15, 2003 12:00 PM, from staff and wire reports
Overhill Farms Inc, which has nationwide operations in the frozen food industry, has completed the consolidation of four of its former assembly facilities into a new 170,000-square-foot facility in Vernon CA.This new plant is now fully operational and includes 50,000 square feet of cold storage for finished goods and raw materials inventories. Overhill anticipates significant savings through anticipated labor efficiencies, lower refrigeration costs, and a major reduction in outside cold-storage charges.
The company also announced that it recently completed a bridge financing arrangement with its senior subordinated creditor, Levine Leichtman Capital Partners II LP, under which Levine Leichtman provided $3 million of additional working capital to Overhill.
