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Decathlon Capital Partners Arranges “Revenue-Based Financing” For Riceworks

November 24, 2021: 12:00 AM EST
Decathlon’s “highly customized financing solution” for the Long Grove, Ill.-based maker of gluten-free whole grain brown rice crisps will help fuel an aggressive expansion strategy across North America, along with new product lines. The revenue-based finance arrangement means Riceworks is not required to give up equity or ownership for growth capital. Riceworks was founded in 2005 by a family of rice growers and today creates better-for-you, all-natural rice-based snacks, including five variants of chips. Available in more than 7,500 grocery stores, warehouse clubs, and convenience stores in the U.S. and Canada, the new funding will fund further expansion of distribution.
Gill Hyslop, "Seven-figure ‘dilution-free’ boost will fast track gluten-free snack maker’s NA footprint", BakeryAndSnacks.com, November 24, 2021, © William Reed Business Media Ltd
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