GPX is poised for growth with new credit facility
Industrial tire manufacturer GPX International Tire Corp. has secured a $160 million senior credit facility.
Citizens Bank of Massachusetts and RBS Securities Corp. are providing the credit facility, which will be used to finance acquisitions and provide working capital for continued expansion.
GPX was formed last year when Galaxy Tire & Wheel merged with Dynamic Tire Corp. It has offices in the United States, Canada, Europe and Asia.