Epoca International has received additional funding for its Walmart-exclusive Tasty Housewares product line, according to Tiger Capital Group.
Tiger Capital said it has provided $5 million in special project financing to Epoca, which is the sole license holder of the line.
According to Bob DeAngelis, Tiger Capital Group executive managing director, the capital infusion enables Epoca to ramp up production in response to strong sales of Tasty Cookware at Walmart stores and Walmart.com. The short-term financing also comes in advance of an upcoming Tasty fourth quarter promotion by Walmart, supplied by Epoca.
“Epoca is a profitable, fast-growing company with solid credit and bright prospects for further expansion— precisely the type of borrower we’re eager to assist,” DeAngelis said.
“The short-term financing comes at just the right time for us,” said Steven Melzer, CEO of Epoca. “Tiger was both extremely responsive and creative in putting together a facility that met our needs. This partnership has gone a long way toward helping us maintain our strong momentum.”