Cooley Group secures $25 million financial commitment to support global expansion
SpecialtyFabricsReview.com | September 13, 2012
Cooley Group, Pawtucket, R.I., and Webster Business Credit Corp. (WBCC), a division of Webster Bank, have announced that WBCC is providing Cooley with $25 million in new financing. The five-year financing package includes a combination of a revolving credit facility, a long-term note and a capital expenditure line, to be used to further support Cooley’s continued global expansion.
A leading designer, developer and manufacturer of high-performance, sustainable, engineered membranes for some of the world”s highest-profile advertising, chemical containment, military, environmental protection and roofing initiatives, Cooley will use the new financing to expand both its North American and international operations, including further expansion into Brazil, China and India. Cooley currently markets and distributes its chemistry-based solutions in more than 20 countries on six continents.