FGI provides SACO AEI Polymers with a $23 million facility.
New York, October 31, 2018 – FGI Worldwide, a global leader in commercial finance, today announced it served as sole arranger for a working capital facility to SACO AEI Polymers.
Through this current financing with FGI Worldwide, SACO AEI Polymers has secured $23 million in working capital facility. SACO AEI Polymers will use this facility to fuel the rapid growth domestically and internationally.
“FGI has been a trusted business partner to our foreign subsidiaries for several years, helping us in times of growth or transition,” said Andrea Savonuzzi, SACO AEI Polymers CEO. “When our U.S. business faced challenges and our traditional bank tightened our availability, we knew FGI was the ideal partner to help us execute on our turnaround plan. FGI stepped up to the plate, providing us a large facility that far exceeded what a traditional bank could provide.”
“Our past relationship has been very successful,” stated David DiPiero, President and CEO of FGI Worldwide. “We are committed to continue to provide SACO AEI Polymers with highly customized global financing solutions that will support their global growth strategies.”
About FGI Worldwide
FGI Worldwide (www.FGIWW.com) is a global leader in the commercial finance and services industry, equipping small and medium enterprises with the tools they need to safely grow their business. FGI’s two principal business units, FGI Finance and FGI Risk, provide clients with flexible and customized lending, as well as risk mitigation solutions designed to support international and domestic growth. Headquartered in New York City, FGI maintains a presence on six continents with clients in over sixty countries around the world.
About SACO AEI Polymers
SACO AEI Polymers is a customer-driven manufacturer providing premium value and innovative polymer solutions in North America, Latin America, South East Asia, Europe and Middle East & North Africa. SACO AEI Polymers is part of a global conglomerate of companies owned by AESSE Investments, Ltd.