Financial news

Strong capital inflow for Conner Industries


The American company specialized in wood treatments and supplier of integrated packaging solutions Conner Industries  has recently announced a major investment in its capital from Argentum and a group of other investors. Conner’s management members, including the company president, CEO and some executives, have also made personal investments during the financing operation. Conner has furthermore announced that its senior partner, Wells Fargo, has renewed its 18 million dollar credit line. The capital inflow will be used to increase floating capital, continue the update of the company production facilities and finance strategic acquisitions. As the President of Conner Industries Kurien Jacob says, «with a strong financial base and strategic acquisitions Conner will continue to expand and deepen its geographical position on timber markets and enter new strategic business lines, as well as strengthen its presence in the packaging market».