ATEK Companies Enters into a Three-Year Credit Agreement with JPMorgan Chase

New Credit Facility Positions ATEK for further growth

MINNEAPOLIS, MINN. (Mar. 25, 2008) – ATEK Companies, a leading manufacturing solutions provider, announced that it recently entered into a new $10 million three-year credit facility with JPMorgan Chase Bank N.A. 

“This new agreement further positions ATEK for growth” said Mark Osmanski, Vice President and CFO of ATEK Companies.  “JPMorgan Chase has an established global footprint with operations in more than 50 countries.  As our five businesses continue to expand internationally, we will be able to leverage the JPMorgan Chase banking relationships and better serve our customers.”

Additionally, with the new credit agreement ATEK will be utilizing the latest in banking technology.  In areas such as treasury management, for example, the company will achieve better overall cash management for its five companies.  ATEK closed on the agreement with JPMorgan Chase Bank N.A.on February 20th, 2008.  

About ATEK Companies
ATEK Companies is the preferred manufacturing partner serving diverse industries including medical, aerospace, defense, communications, and transportation. ATEK Companies distinguishes itself from the competition through its 60-year history of delivering unparalleled value, high quality products, and creative solutions. ATEK Companies offers total project management, including electrical and mechanical product design and launch, supply chain management, production, packaging and distribution, and post-production fulfillment services. ATEK Companies is comprised of five businesses, which include ATEK Medical, ATEK Manufacturing, ATEK Plastics, ATEK Products, and Progress Casting. Facilities are located in Minneapolis and Brainerd, Minn.; Kerrville, Texas; New Hampton, Iowa; Grand Rapids, Mich.; and Heredia, Costa Rica.  For more information visit www.atekcompanies.com.