Helping food and beverage companies grow and thrive
Nicholas & Company, a Wells Fargo Capital Finance customer since 1999, is a family-owned wholesale food distributor. Their customers range from small local delis to large institutional food-service companies. The company was founded in 1939 and is headquartered in Salt Lake City, Utah.
For 70 years, Nicholas & Company had been servicing their customers from their sole facility in Salt Lake City. During that time they grew to support customers in eight states, employing more than 500 team members. So, when they determined it was time to expand into a new facility, they turned to Wells Fargo Capital Finance.
We worked with our Wells Fargo partners to structure a full service financing strategy that included a working capital facility, interest rate swaps, and equipment financing.
In the fall of 2014, Nicholas & Company opened the doors of their new distribution center in North Las Vegas — a 183,000 square-foot warehouse holding up to 600,000 cases of food-service products and a kitchen for cooking expositions. This new facility helps improve customer service and strengthen their position in the marketplace, while also creating new jobs in North Las Vegas.
We certainly would not be here without our partnership with Wells Fargo. They are an incredibly important piece of the equation in terms of allowing us to expand, giving us the capital that we need to be able to continue to grow. And Wells Fargo has been our partner for a very long time. They have seen us through good times. They have seen us through bad times. And our relationship is so transparent and we have such similar values that it’s made it easy for us to have conversations about what’s going on in our business.-Nicole Mouskondis, co-chief executive officer, Nicholas and Company