by admin | January 22, 2013 12:43 pm
NEW ORLEANS, January 22, 2012– Alta Max, a manufacturer and supplier of military and commercial packaging products, today announced the addition of a new chief operating officer and regional sales manager in the wake of recent record-breaking sales.
“This is an exciting time for our company,” said Lee Vorisek, owner and chief executive officer of Alta Max. “Our company is growing, and business has never been better. Thanks to the hard work of our dedicated employees, and our company-wide commitment to on-time delivery, our business has continued to grow beyond our projections.”
To supplement the company’s growth, Alta Max has hired new chief operation officer, Brock Neuenhaus, who most recently served as COO of Intelesys, a national consulting company to the automotive industry. Additionally, Alta Max has hired Matthew Mazincki as the northeastern regional sales manager. Mazincki brings experience in accounting, process controls and management.
Since 2001, Alta Max has been providing specialty packaging for everything from coins to ammunition. They also provide design, consulting and testing as an integral part of manufacturing, with the capability to meet commercial and military transportation requirements.
In 2009, Advantage Capital Partners and its small business lending division BizCapital provided funding to Alta Max in connection with the federal New Markets program and the state of Louisiana New Markets Development program. Alta Max was located in New Orleans East pre-Katrina, but its facility was flooded during the storm. Funding from Advantage Capital Partners enabled the company to relocate to a severely damaged area and redevelop their facility in a building that better fit their needs. As a result, Alta Max has been able to more than quadruple its sales and double its workforce to 32 employees since Hurricane Katrina.
“Our investment in Alta Max provided an opportunity for the company to recover from the devastation that Hurricane Katrina left behind,” said Charles Booker, chief operating officer of BizCapital. “At a time when traditional loan structures would have significantly reduced Alta Max’s working capital and business capabilities, we were able to offer terms that enabled them to stay and grow here in New Orleans.”
About BizCapital and Advantage Capital Partners
BizCapital (www.biz-capital.com) is Advantage Capital’s non-depository financial institution offering competitive loans to small and medium-sized companies. BizCapital is recognized as a leading government-guaranteed lender, helping small-to-mid-sized businesses grow and prosper, while fostering stronger economic growth in local communities. With offices in St. Louis, New Orleans and Jackson, BizCapital invests across many types of businesses and offers loans from $500,000 to $10 million in the form of SBA, USDA, mezzanine, and well-secured real estate loans.
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