CFS Selects Key Equipment Finance as European Finance Partner

CFS, a leading manufacturer of equipment for food preparation, processing and packaging today announced that it has named Key Equipment Finance, a global, bank-held equipment finance company and an affiliate of KeyCorp (NYSE: KEY), as European equipment finance partner.

The relationship with Key Equipment Finance will enable CFS to offer flexible financing to food suppliers throughout Europe who are interested in obtaining the company’s high performance food processing and packaging equipment. By offering a finance option as part of the sales process, CFS enables customers to benefit from one-stop-shopping for manufacturing equipment and financing, as well as take advantage of potential tax benefits and the ability to add or upgrade equipment quickly and easily to meet future demand.

“CFS has become a leader in the manufacturing industry by thinking ahead and developing innovative solutions that will meet the needs of customers both today and into the future,” said Adam D. Warner, president of Key Equipment Finance. “CFS clearly understands the value of offering a complete customer service solution, which includes fast and flexible financing that will enable CFS customers to more easily obtain the latest food processing and packaging equipment.”

CFS noted Key Equipment Finance’s comprehensive coverage across Europe, as well as the company’s client service and marketing support as primary reasons for selecting Key Equipment Finance as its finance partner.

“Our primary goal with this program is to make financing our equipment as easy as possible for our customers, so it was important to find a finance partner that could provide the highest caliber of service to food manufacturers throughout Europe,” said Brian McCluskie, CEO at CFS. “We’re excited to offer this value-added service to our customers and look forward to working with Key Equipment Finance on this program designed with our customers’ budgets in mind.”