Fifth Third Business Capital provided a $27.8 Million revolving Line of credit to Comfort Research, LLC to support the acquisition of the North Carolina operations of Spin Master.
Comfort Research is a manufacturer of affordable furniture, pool products, and outdoor furniture with its primary line of products being the Big Joe™ brand of bean bag chairs. The Company has three manufacturing and distribution facilities, located in Grand Rapids, MI, Lewisburg, TN, and Tremonton, UT. Major customers include Walmart/Sam's Club, Costco, and Amazon. Swim Ways product offerings include branded aquatic products including pool floats, aqua saddles and pool noodles. Swim Ways operates out of two facilities in Tarboro, NC and was a division of Spin Master’s Outdoor Global Business Unit.