we receive e we publish the following press release issued by Cherry Bank.
Cherry Bank announces that it has finalized a loan for Goldplast for a total of €7,4 million, of which: €4 million in credit lines for new investments and the remaining €3,4 million in factoring.
Goldplast is an Italian company specializing in the production of high-end, recyclable, and reusable plastic items for the food, beverage, and tableware sectors, with a presence in over 35 countries worldwide.
Following the evolution of European regulations on disposable products, the sector experienced a significant contraction in demand, leading the company to accelerate an ongoing repositioning process. Since 2022, the market has recovered its positive trend, which Goldplast has been able to capitalize on.
Cherry Bank's financing fits into this context. The goal is to support Goldplast and its relaunch plans with €4 million in new investments and an additional €3,4 million in factoring to support working capital.
"Cherry Bank stepped in to support and strengthen Goldplast's growth path by offering not only finance but also a system of specialized skills to support the company's future," explains Laura Gasparini, Chief Corporate & Investment Banking Officer of Cherry Bank.
The transaction is part of the activities of Cherry Bank's Corporate & Investment Banking Area, which specializes in Special Situations, Structured Finance, Turnaround and Strategic Finance, and Alternative Investments to support strategic business projects at every stage of the company's life cycle.
Cherry Bank is the financial partner for entrepreneurs and their businesses. Founded by Giovanni Bossi, it stands out for its entrepreneurial approach to finance.
Cherry Bank is a corporate bank specializing in Private and Wealth Management with customized advisory and wealth planning solutions, and in Corporate & Investment Banking with strategic operations at every stage of the company's life cycle.
With its Relationship Bank model, the Bank combines innovation and trust, building valuable partnerships through the constant search for the best solution for the customer.
