SOUTHFIELD, Mich., Feb. 13, 2012 /PRNewswire/ -- Revstone Transportation, a division of Revstone Industries LLC ("Revstone") announced today that it closed a new financing package with funds managed by ICON Capital Corp. The financing provides a solid foundation for Revstone and funds the launch of major new products and business for the company.

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"Our new financial structure with ICON moves Revstone forward," said Revstone CEO Kevin Cramton. "This financing package stabilizes our businesses and gives us the resources to launch new programs in aluminum die casting, fine blanking and engine damper technology." 

"We are pleased to partner with Revstone in providing a highly structured financing that was mutually acceptable to all parties involved," said Marcelo Sarago, Senior Director with ICON.  "The companies within the Revstone Transportation group are key suppliers, providing specialized automotive components to both domestic and transplant OEMs and we are excited by the group's immediate and long term growth prospects."

About ICON

ICON Investments is a leading asset manager that provides innovative alternative investment products to individual and institutional investors through publicly registered programs, private funds and separately managed accounts. With more than 25 years of experience in the alternative asset management industry, ICON and its affiliates have managed investments for more than 53,000 investors and made more than $3.9 billion in total investments. ICON Investments is headquartered in New York, with offices in Boston, Tulsa, London and Singapore.

About Revstone

Revstone is a leading designer, manufacturer and supplier of highly engineered automotive components, with twenty nine facilities in the United States, Canada, Mexico and Costa Rica, approximately three thousand employees and more than $600m in projected 2011 annual revenue. The Company is headquartered in metropolitan Detroit, Michigan with offices in Lexington, Kentucky and China. For more information visit www.revstone.com.

SOURCE Revstone

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