NewswireToday - /newswire/ -
Chicago, IL, United States, 2015/08/18 - Commercial Distribution Finance (CDF), a business of GE Capital, announced that it has extended its inventory financing agreement with Wright Manufacturing, Inc., a producer of commercial lawn mowers - GECDF.com. NYSE: GE
The financing will be used for its network of dealers and distributors to stock its products.
Founded in 1981, Wright invented the stand-on lawn mower and manufactures a complete line of commercial stand-on, walk behind and mid-mount zero turn mowers that are distributed world-wide. Wright is headquartered in Frederick, MD and has been a CDF customer since 2003.
“We value the expertise of the CDF team and are pleased to extend our financing agreement,” said Bill Wright, CEO of Wright Manufacturing. “In addition, CDF’s online inventory management system really helps our dealers manage their business, which is a tremendous asset.”
“We look forward to continuing our relationship with Wright and its dealer network,” said Mike Horak, president of CDF’s outdoor products group. “We are committed to helping dealers with investment in tools and products that help them more efficiently run their business.”
About Commercial Distribution Finance (CDF)
Commercial Distribution Finance (gecdf.com) provided $46 billion in financing for more than 40,000 dealers and more than 2,000 distributors and manufacturers globally in 2014. CDF operates in 60 countries and provides inventory financing solutions, service and intelligence through in-depth industry expertise and commitment. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, and related financial products.
GE (ge.com) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world.