Maurice Sporting Goods announces financing agreement
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One of North America’s largest distributors of fishing tackle has announced an expansion of its financing agreement to support the short-term seasonal needs of the business and to execute its ‘strategic realignment’.
Maurice Sporting Goods has agreed the new restructuring plan with three major banks. Its CEO, Jory Katlin, said: “I am proud to announce the continued support of our banking partners as we work together to realise our mutual short and long-term goals.
“One of the key cornerstones of our business has always been the creation of mutually beneficial partnerships. Whether those are with the finest retailers in North America, with our long-term outstanding retailers, or with our financial backers of many decades, in all cases we strive to develop strategies that fulfil the business goals of our partners as well as our own.
“We could not have been successful over the company’s 94 years if this were not the case and this is another prime example of how collaboration and partnership will continue to be the foundation of our success in the future.
“The past few years have seen unprecedented change in the sporting goods industry and Maurice is making dynamic changes to keep pace. One example is the opening of our new state-of-the-art 300,000sqft distribution facility in McDonough, GA. We built it with one goal in mind – to provide our retailers and vendors with the most accurate, most efficient and fastest distribution service in the industry.
“We are really proud to be racing towards that goal, but that kind of progress can only be achieved with the support of our partners. The fact that our banks have the confidence in our company and in our strategy to support us as we invest for the future is extremely gratifying.”
Maurice distributes many top fishing brands across North America including Shimano, Rapala and Pure Fishing