Custom corrugated packaging solutions manufacturer Golden West Packaging Group has announced the successful amendment of its credit facilities, a move designed to bolster the company’s growth and innovation capabilities.
The revision includes a substantial new equity investment and an extension of debt maturities beyond 2030, providing the company with the financial flexibility to pursue its long-term strategic objectives.
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The transaction fortifies Golden West’s capital structure, enabling the company to explore new opportunities and invest in advanced operational capabilities.
Golden West said the investments will support its commitment to offering world-class printing, converting, and packaging solutions to its diverse customer base.
Golden West Packaging CEO Mark Favre said: “This substantial equity investment and maturity extension provides us with the strategic flexibility we need to scale in key markets and continue to deliver innovative packaging solutions for our customers.”
Golden West Packaging CFO Brian McDonnell expressed optimism about the company’s enhanced position to fulfill its mission as the preferred West Coast custom packaging supplier.
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By GlobalDataMcDonnell said: “This milestone accelerates our ability to strengthen operations, expand capabilities and serve the evolving needs of customers across a broad and growing set of industries.”
The company’s broad portfolio of packaging capabilities includes a wide range of products and services designed to offer tailored, end-to-end solutions that address the complex requirements of their customers.
With the new equity investment, Golden West aims to further advance its fully integrated platform and continue upgrading its technology, such as the 110in corrugator.
Recent additions to Golden West’s production capabilities include the commissioning of a Heidelberg press and Masterflute laminator, as well as the installation of two Bobst die-cutters, which collectively enhance the group’s capacity and production precision.
Golden West Packaging chief operating officer Kelley Wenter emphasised the importance of Golden West’s cultural transformation, which focuses on customer satisfaction, team member experience, and operational excellence.
“These pillars drive everything we do, empowering us to deliver innovation, quality, service and sustainability in every solution we bring to our customers and partners,” Wenter said.
