Daily News: June 28, 2017

MB Business Capital Provides $8MM Facility to Western Industries


MB Business Capital provided a new $8 million senior credit facility to Winfield, KS-based Western Industries Plastic Products.

WIPP is a plastic blow molding manufacturer serving the furniture, outdoor living, recreational goods and selected industrial markets. WIPP is a portfolio company of Speyside Equity and a new spin off for Speyside. MB’s credit facility will be used to fund working capital needs.

Michigan-based Speyside Equity employs an operationally intensive approach to investing in industrial, specialty chemicals and food ingredients businesses.

“MB Business Capital is very pleased to welcome Speyside Equity and Western industries Plastic Products. WIPP has a unique competence in large part plastic blow molding and manufactures some of the largest and most complex products in the industry. With the company’s expertise and the new MB lending facility they should be able to execute their growth initiatives,” said Michael Sharkey, president of MB Business Capital.