29 April 2008
No need for capital funding! AddisonMckee Financial Services brings competitive funding to tube forming marketplace

World-leading tube bending and end-forming technology specialist, AddisonMckee, has introduced a range of financial solutions to assist manufacturing organizations in acquiring the capital equipment their businesses need.

Available through AddisonMckee Financial Services, the funding packages we offer include competitive leasing, financing and lifecycle solutions for AddisonMckee’s entire range of tube forming technologies.

Comments Director of Global Marketing, Christian Rogiers, “The current state of the global economy clearly presents manufacturers with a real dichotomy. Namely, do they commit to the technologies they need to generate further business capability or do they batten down the hatches and weather any impending storm with their current equipment – even if it is seriously outdated and could impact productivity and financial results?

Improve efficiency, increase output, and reduce costs

“Although primarily created for small-to-medium-sized businesses, our aim, through AddisonMckee Financial Services,” he added, “is to enable companies to benefit from the equipment they require now. Equipment that will improve manufacturing efficiency, increase output, assist in significantly reducing manufacturing costs, balance out the highs and lows of production schedules, and enable the organization concerned to go for those valuable new orders with increased confidence and ability. With our reputation for machine reliability, repeatability and precision, this clearly is the opportunity to acquire world-beating tube bending, end-forming, muffler assembly or even complete workcell technologies in a financially-favorable way.”

Exceptionally flexible

With payment deferral options, short-term operating leases, and right-to-buy programs, AddisonMckee has developed what they consider to be one of the most comprehensive funding packages available to organizations requiring tube-forming technology.

Concludes Christian Rogiers, “It’s a well known fact that depending on a business’ size and its requirements, leasing and financing can provide the most viable ways for the acquisition of necessary assets. We have spent a considerable amount of time putting together the AddisonMckee Financial Services program and look forward to assisting those organizations with a clear requirement and goal to benefit from our industry leading technologies.”

About AddisonMckee

2008 winners of Managing Automation magazine's Progressive Manufacturing 50 Awards – a prestigious award based on an organization’s ability to use information and automation technologies to transform its business and create a sustainable competitive advantage – AddisonMckee is globally renowned for the design, manufacture and supply of some of the world's finest tube bending and end forming technologies - for increasingly complex automotive, aviation, truck and shipbuilding requirements.

In addition, AddisonMckee also offers highly innovative muffler and catalytic converter assembly solutions, hydraulic press machinery, tube inspection systems, plant automation and complete workcell integration.

In addition to these capabilities, a whole range of tooling and accessory options are also provided, as are comprehensive maintenance and service contracts, training and education programs and financial services. Where applicable, AddisonMckee is also able to offer customers the opportunity of machine rebuilds, refurbishment, upgrades and trade-ins.

From its state-of-the-art manufacturing centers in the USA, United Kingdom, Canada and China, AddisonMckee is committed to providing rapid solutions to market and also regularly assists clients in product prototyping, parts development, small production runs and pre-production sample development.

AddisonMckee is principally owned by WHI Capital Partners (WHICP), a Chicago-based private equity group that invests in middle market, industry-leading companies with solid financial fundamentals and proven management teams. WHICP is an affiliate of William Harris Investors, Inc., a family-based asset management firm founded by Irving B. Harris in 1987.

For further information please contact:

Rachel Thomas – BHL Marketing
E-mail: rachel@bhlmarketing.com
Tel: +44 (0) 1244 851850
Fax: +44 (0) 1244 851888

Christian Rogiers – AddisonMckee
E-mail: crogiers@addisonmckee.com
Tel: +1 513 228 7076
Fax: +1 513 228 7226