Indufoam

in implementation

Indufoamis an El Salvador-based company engaged in the production of a variety of sleep-related products, including beds, mattresses, foam mattresses, furniture, and accessories. The Company's products are exported to Central and South America, as well as South Africa.The proposed transaction is a medium-term credit facility intended to finance the expansion of the industrial plant, improvements of existing equipment and manufacturing capabilities, and new working capital needs for growth. This loan will be for up to a five years term and will have the complement of an un committed tranche, at IDB Invest's discretion, that will allow the necessary flexibility for the Company to complete and fulfill the progress of its investment plan.The main goal of this transaction is to enable Indufoam to meet increased demand and expand into new technologies and efficiencies, so that it can produce mechanisms and accessories that are currently only manufactured in the United States or Europe and convert itself as a key supplier to the regional markets. This will not only create new jobs, but will also increase exports, strengthening product lines, and consolidating its role as a regional company.