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BONITA SPRINGS — Innovative Food Holdings, the purveyor of specialty foods to upscale restaurants, has secured $2 million in financing from Fifth Third Bank, the company says in securities filings.
“The financing package will be used to pay down the balance of the company's $1.2 million loan it incurred for the acquisition of Artisan Specialty Foods, Inc., as well as general corporate purposes,” Innovative Food says in the filing.
Innovative Food, which recently moved its headquarters from Naples to Bonita Springs, acquired Artisan in May 2012, an Illinois gourmet-food distributor to high-end restaurants in the Chicago area.
You can read about the company's growth in a recent issue of the Business Observer here.
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