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Frame firm gets financing.

GREENWOOD, Miss.--National Picture & Frame Co., a leading photo frame and framed art supplier, has established a $30 million financing agreement with NationsBank and Deposit National Guaranty Bank here. According to M. Wesley Jordan, chief financial officer for National Picture & Frame, the credit facility can be used for acquisitions, working capital and capital expenditures.

"With this financial behind us, we can look more closely at potential acquisitions as well as additional product development and other activities," Jordan said. "Candidates who meet our criteria for strategic acquisitions include companies that will help us increase vertical integration."

National Picture & Frame's net sales for fiscal 1995 topped $61 million.
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Title Annotation:National Picture & Frame Co.
Publication:HFN The Weekly Newspaper for the Home Furnishing Network
Article Type:Brief Article
Date:Mar 4, 1996
Words:106
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