Financial services to fund tube forming

Manufacturer of tube bending and end-forming machinery, AddisonMckee, has introduced a range of financial services to assist manufacturers in acquiring capital equipment.

Tube bending and end-forming technology company, AddisonMckee, has introduced a range of financial services to assist manufacturing organizations in acquiring capital equipment.

Available through AddisonMckee Financial Services, the funding packages include competitive leasing, financing and lifecycle services for AddisonMckee's entire range of tube forming machines and systems.

Director of Global Marketing at AddisonMcKee, Christian Rogiers, said: "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'batten down the hatches' and 'weather' any impending 'storm' with their current equipment - even if it is seriously outdated and could impact productivity and financial results".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 set up for small-to-medium-sized businesses, AddisonMckee Financial Services will enable companies to benefit from new equipment.

Such equipment will improve manufacturing efficiency, increase output, assist in significantly reducing manufacturing costs, balance out the highs and lows of production schedules, and will give the SMEs increased confidence and ability to win valuable new orders.

Rogiers said: "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 terms - with payment deferral options, short-term operating leases, and right-to-buy programmes, AddisonMckee has developed what it considers to be one of the most comprehensive funding packages available to organisations requiring tube-forming technology.

Rogiers concluded: "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 programme and look forward to assisting those organisations 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 organisation'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.

Along with 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, Incorporated, a family-based asset management firm founded by Irving B Harris in 1987.

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