RCEDC Boosts TS Food Packaging's Expansion with Local Loan Programs
Strategic diversification fuels significant growth for the TS Food Packaging
City of Burlington, WI – TS Food Packaging, formerly known as RoJo’s Popcorn and Troystar Packaging, began with a focus on private-label popcorn portion packs. Under the leadership of Robin J. Vos, who took over the company in 1996, TS Food Packaging expanded its product line beyond popcorn, now offering seasonings, oils, and even non-popcorn products. This strategic diversification has fueled significant growth for the company both in sales and employees.
To support this growth, Robin teamed up with Business Lending Partners (BLP) and the Racine County Economic Development Corporation (RCEDC) for financial support. In 2020, Robin secured a $3.8 million SBA 504 loan via RCEDC which was 40% of the project, and Greenwoods State Bank provided 50% of the costs. The 2020 SBA loan allowed the company to purchase and renovate a larger facility in Burlington. This new location allowed for more efficient operations and increased capacity for additional business opportunities.
In 2022, when renovation costs increased for the new Burlington facility, RCEDC helped the company with an $80,000 RXR Revolving Loan Fund, covering 100% of the additional funds needed. In 2023, further expansion was supported with the purchase of a HMC Pouchmaster Side-By-Side IM 9-13, a key piece of equipment for their new packaging line. The equipment purchase was provided through a Burlington RLF, which provided 36% of the costs, with Greenwoods State Bank contributing 54%, leaving only 10% for TS Food Packaging to cover.
TS Food Packaging services over 30 companies nationwide. Their reach extends to 280 bars and restaurants in southern Wisconsin and northern Illinois, along with smaller packages sold to major retailers like Target and Walmart through distributors.
There are multiple loan programs available from RCEDC, including numerous RLF loan programs as well as the SBA 504 loan program. Companies like TS Food Packaging are able to access multiple RLF & SBA loans from RCEDC to reduce their out of pocket expenses and down payments. Contact one of RCEDC’s loan officers today to find out how we can help.
