Key Equipment Finance has provided $10 million in equipment financing to Traxys Processing Inc. for its new processing facility in Burnsville, Mississippi.
Traxys Processing (a subsidiary of the Traxys Group) used the financing to acquire grinding mills, roll presses and packaging systems for the production of alloy agents for the molten metal treatment of aluminum and steel.
“Equipment is a vital component of the new Traxys Processing facility, and equipment financing enabled the company to quickly scale up production,” said Jay Archambeault, senior vice president and director, Key Equipment Finance. “Interim financing and a term loan facility enabled the company to deploy the latest in automated and specialized alloy hardener manufacturing equipment.”
Company scales up to serve metals market
The new facility is located at the Yellow Creek Port with proximity to rail and barge transportation lines providing access to global markets.
Ryan Campbell, Traxys senior vice president, added, “Key Equipment Finance has been a great partner to work with, and we hope to expand our relationship with their team in the future.”
New machinery can increase efficiency, profitability
Practically any asset that generates revenue or saves time and labor — including software and services — can be financed. This type of highly specialized equipment often requires equally rare structuring expertise and asset knowledge to achieve business objectives.
Corporate businesses and organizations looking for experience and vertical market expertise to help them increase their efficiency and overall profitability can count on Key Equipment Finance.