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" Multipak is a leading supplier of flexible packaging to the food industry.
In order to supply processing plants on a just-in-time basis, many large,
multinational customers require us to carry sizable levels of finished
goods-on-hand. This leaves the company with significant capital tied up in
inventory.
The Asset-Based Lending Team at RBC Royal Bank helped us to leverage
the quality of our inventory and blue-chip receivables by recognizing the
inherent value of these assets. This provided us with greater access to credit
than would have been available through conventional banking and
helped Multipak become more competitive in terms of what we can offer
our customers. "
Dave McLernon
President, Multipak
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