Tiger Capital Group provided $5 million in special project financing to Epoca International, the sole license holder of Walmart’s Tasty Housewares product lines.
Epoca will use the capital infusion to ramp up production in response to strong sales of Tasty Cookware at Walmart stores and Walmart.com. The short-term financing also comes in advance of a Tasty fourth quarter promotion by Walmart.
The company’s senior lender, a large Southeast regional bank, introduced Tiger to Epoca as part of a long-term strategic relationship between Tiger and the bank.
“Epoca is a profitable, fast-growing company with solid credit and bright prospects for further expansion — precisely the type of borrower we’re eager to assist,” said Bob DeAngelis, Tiger Capital Group executive managing director.
“The short-term financing comes at just the right time for us,” said Steven Melzer, CEO of Epoca. “Tiger was both extremely responsive and creative in putting together a facility that met our needs. This partnership has gone a long way toward helping us maintain our strong momentum.”
Based in Boca Raton, FL, Epoca operates distribution centers in Texas, Tennessee, California and Canada and provides housewares and related products to wholesale, retail and online distributors.
