“As a team, our entire organization around the globe has worked very hard to achieve the IATF certification, which represents best in class quality management systems for both manufacturing and distribution, engineering, and supply chain management. This is meaningful to our customers as they expect the highest level of quality from Optimas,” said Gabriela Gallegos, Optimas Vice President of Quality. “Less than 15 percent of suppliers in industrial markets have achieved IATF certification and we are very proud to be part of that elite group.”
According to Optimas CEO Marc Strandquist, this achievement opens more doors for securing new business and working at new levels with existing customers. “We are one of very few fastener suppliers and manufacturers that have IATF registration, which is well recognized outside of the automotive industry as a premiere level of quality assurance in the business world,” he said. “Our Manufacturing Solutions strategy
Optimas Completes Refinancing Aimed for Long-Term Growth
The fastener distributor and manufacturer said the move will deliver against its Manufacturing Solutions business strategy announced in August.
Jan 6th, 2021
GLENVIEW, IL Optimas Solutions, a global provider of integrated supply chain solutions, including fasteners and MRO consumables, announced Wednesday that it has completed a comprehensive refinancing of its debt structure which positions the company well for long-term growth. The transaction was completed on Dec. 30, 2020 and provides for enhanced liquidity, a five-year maturity, and significant reductions both in the quantum of debt and the interest expense going forward for Optimas.
According to Optimas chief financial officer Jim Japczyk, the refinancing will enable Optimas to support its operational growth objectives and to deliver against its Manufacturing Solutions business strategy announced in August 2020.