Daily News: October 16, 2014

MB Business Announces $7.4MM Funding for Wexco

MB Business Capital provided a $7.37 million senior credit facility for Wexco and its operating subsidiaries, Fox Pool and Marquis.

Proceeds of the new MB Business Capital financing were used to refinance existing debt and fund ongoing growth and working capital needs.

“We are happy to partner with MB Business Capital, the management team extremely knowledgeable and easy to work with,” stated Jeff Kurth, president of Wexco. “They are a good fit for our business as they understand the seasonality of our company and structured the terms of our facility to enable us to address our needs. We look forward to a long and successful relationship.”

Fox Pool is a manufacturer of swimming pools, pool liners and related accessories.

Marquis is a designer and manufacturer of hot tubs and spas.

Wexco is an employee-owned holding company headquartered in York, PA.