Pacific Mercantile Bank extended a $5 million credit facility, consisting of a term loan and a revolving line of credit, to Western Shield.
Founded in 1970 and headquartered in Rancho Dominguez, CA, Western Shield provides high end, custom printed labels and packaging to manufacturers, distributors, and brokers throughout the U.S., Mexico and Canada. It specializes in producing expanded content labels, instant redeemable coupons and 10 color work and serves a wide variety of industries, including cosmetics, food and beverage and consumer packaged goods.
“We met with a number of banks as we lined up financing for an attractive acquisition opportunity,” said Nizar Elias, CEO of Western Shield. “We were impressed with Pacific Mercantile’s understanding of our company and their flexibility in tailoring a credit facility that supports both our organic and acquisitive growth.”
“Western Shield has a nearly 50-year history of prudently expanding its business and growing its customer base,” said Frank Abraham, executive vice president and head of Relationship Banking at Pacific Mercantile. “We look forward to expanding our relationship with Western Shield as it requires additional acquisition financing in the future.”
