BOSTON — Turkey processor Plainville Farms recently received a $12 million loan from Gordon Brothers Capital to help with operations.
The investment firm said in its statement that the loan would be used to support increased demand from customers.
“With Gordon Brothers’ support, Plainville Farms can ramp up operations with confidence as we enter the busiest time of year,” said Deepak Ramanathan, who oversees the financing activity at Plainville Farms. “This funding is critical to our short- and long-term growth strategy.”
The company, which is based in New Oxford, Penn., used to be a subsidiary of Hain Celestial but was sold in 2019 to Plainville Brands LLC, a Delaware limited liability company backed by a group of private investors.