Financing for innovator in dispensing products
Headquartered in Helmond in the Netherlands, Afa Dispensing is a leading global developer and supplier of technology-rich, liquid dispensing products for top brands in food, beverage and packaged goods, such as Heineken, Procter & Gamble and Unilever. A proud recipient of the FD Gazellen Award for the consecutive second year, which is given to the fastest-growing companies in the Netherlands, the company is also a long-standing client of NIBC.
With an ambitious growth strategy in place, Afa has doubled its production volume in recent years and in 2016, it required financing to support the launch of multiple new products and a new production facility.
To help Afa realise its ambitions and prepare for the future, NIBC arranged and delivered a long-term financing solution.
With its accelerating growth, capacity needs and increasing revenues, Afa found in NIBC a banking partner with a ‘think yes’ mentality that was prepared to look beyond its business plan. As an entrepreneurial company with a large pipeline of new product ideas, Afa has been a perfect fit for NIBC over the years, which is supportive of its strategy.
With its refinancing in place, Afa is ready for its next stage of accelerated growth and realising its business plan for 2016-2020.
We have always had a good fit with NIBC and hope to work with them again in future to take on the challenges and new opportunities we see. In 2016 NIBC continued to work in an agile and creative way as our banking partner. – Dries Knaapen, president Afa Dispensing