GE Capital Finances Independent Grocery Retailer C&K Markets
CHICAGO -- August 13, 2014
GE Capital, Corporate Retail Finance today announced it is providing financing
to C&K Markets, an independent regional supermarket chain. The funding will be
used to support the company’s operations and expected growth as it implements
a new customer experience strategy.
Headquartered in Brookings, OR, C&K Markets operates more than 40 grocery
stores throughout Oregon and Northern California under the brands of Ray’s
Food Place, Shop Smart and C&K Market. The company has new leadership, and is
focused on enhancing its selection of locally sourced and organic grocery
items, meats and produce.
“As we work to provide an improved experience and expanded food selection for
our customers, we need to be working with a lender that really understands our
business,” said Karl Wissman, president of C&K Markets. “We are grateful for
GE Capital’s expertise during this very important stage in our development.”
“We look forward to working with C&K Markets as they implement an exciting new
business plan,” said Rob McMahon, senior managing director at GE Capital,
Corporate Retail Finance. “Our capabilities go beyond finance to provide our
customers with insights and expertise that help them grow.”
About GE Capital, Corporate Retail Finance
GE Capital, Corporate Retail Finance provides asset-based, cash flow and
structured loans and leases to mid-size and large U.S. businesses expanding in
North America, Asia and Europe. Funding may be provided through GE Capital,
Corporate Retail Finance’s affiliate, GE Capital Bank, Member, FDIC. Financing
supports working capital, growth, acquisitions, turnarounds and balance sheet
optimization in key sectors: Aerospace and defense; automotive and
transportation; chemicals and plastics; construction and building products,
corporate aircraft; energy; food and beverage; manufacturing; marine; metals
and mining; paper, packaging and forest products; retail; and technology and
electronics. With Access GE, clients also benefit from access to GE’s best
practices to help build their business. Visit gelending.com/clnews or follow
@GELendLease on Twitter.
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit gecapital.com or
follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things
that matter. The best people and the best technologies taking on the toughest
challenges. Finding solutions in energy, health and home, transportation and
finance. For more information, visit ge.com.
GE Capital, Americas
Tara Lambropoulos, 312-441-7854
Press spacebar to pause and continue. Press esc to stop.