Optimas Solutions poised for future growth

GLENVIEW - Optimas Solutions LLC said it completed a comprehensive refinancing of its debt on Dec. 30, which better positions the company for long-term growth.

The maker and distributor of fasteners and supply chain solutions said the refinancing provides for enhanced liquidity and significant reductions both in the amount of debt and interest expense going forward.

"This refinancing will improve overall cash flow, providing more resources to expand and grow the business," said Chief Financial Officer Jim Japczyk.

Optimas Solutions is based in Glenview with manufacturing capabilities in Wood Dale.

After a management change, the company announced a new manufacturing solutions business strategy in August. "Now, with this refinancing, we can transform the business over the next few years as we follow our strategy to deliver more to our customers and strengthen our relationship with suppliers," said Marc Strandquist, CEO.