The CMFA Issues Industrial Development Bond for Little Brothers Bakery
Little Brothers Bakery is a manufacturer of breads, dinner rolls, cinnamon rolls, croissants and other baked goods. Their bakery goods are generally sold the store’s private label bakery products and is found in most Southern California grocery store including Trader Joe’s, Ralph’s, State Bros., Smart & Final and Food for Less. In addition, The Company sells to institutional clients like school districts, prisons and other the cafeteria operations.
Recently, the CMFA partnered with a national lender to secure bond financing for this manufacturer. Proceeds from the bonds were used for the acquisition and installation of a new automated bread and roll processing line complete with inline conveyor proofing and a 100 foot tunnel oven. The automated baking equipment will allow the company to expand their business and hire additional employees.