InspiraFarms Cooling introducing flexible payment terms up to 5 years, not taking over Celtic International’s operations

InspiraFarms Cooling, a leading provider of cooling solutions across Africa, has announced it will not proceed with the earlier announced acquisition of Celtic International’s operations in Africa, and will instead focus on providing its customers with customer finance.

“After having carefully evaluated the opportunity to acquire Celtic International’s operations in Africa, we have come to the conclusion that at this moment the benefits are not worth the risks and costs involved with this acquisition. Instead, we will focus on what we do best: providing high-quality, energy-efficient cooling solutions to our customers across Africa.” Marcus Watson, InspiraFarm’s Chairman says.

“Moreover, our number one growth priority is to offer flexible payment solutions to our customers. Cold storage is a very profitable investment for our customers: it reduces their losses and improves their access to markets – it really pays for itself; however not all companies have the cash available up front to make the investment required. InspiraFarms has secured the capital to allow such customers the flexibility of paying for their investment in up to five years. We don’t ask for any additional collateral, and the customers owns the asset once it is fully paid off. In this way our customers can own high quality storage, reap the benefits of keeping their products cool, while paying for it when they can. We can offer this service thanks to the support of our shareholders who have provided us with the capital to finance our customers in this way.”

For those who are interested in obtaining customer finance, please reach out to your InspiraFarms sales representative or contact us at:

flexipayments@inspirafarms.com