Axia Acquisition Holding Corporation announced in late July the payoff of its existing debt facilities. The company operates dba as AMES Taping Tools and TapeTech Tools.
The company has also secured a new $7.5 million line of credit from Wells Fargo. The new line of credit will provide AMES & TapeTech with funds for working capital and general corporate purposes, according to the company’s president and chief executive officer Fred Daniels.