ST. PAUL, Minn.--(BUSINESS WIRE)--Sept. 19, 2006--GE Money's Retail Sales Finance unit and Granby Steel Tanks, a division of Granby Industries Income Fund, the leader in residential oil containment reservoirs, today announced a new multi-year relationship to provide consumers with revolving credit under GE's Climate Select financing program. The program is now available to a North American network of Granby Steel Tanks dealers.
Since 1954, Granby Steel Tanks has led the HVAC industry in manufacturing residential and commercial steel tanks for petroleum products. The company's oil storage tanks are designed to perform safely and effectively for clients for an extended lifespan by offering more than 20 key features including: standard openings; 12 gauge steel and corrosion protection; polyurethane coatings to improve safety; colors that minimize condensation; and a 20-year warranty.
"Having provided consumer financing for the home industry for over 20 years, GE is proud to work with Granby Steel Tanks. Both companies have a proven commitment to superior service, quality and innovation," said Gary Slagle, vice president of GE Money's Home Utility division. "GE's Climate Select program will give Granby Steel Tanks' customers flexible financing options that make these exceptional and essential products easy to fit into nearly any budget."
The Climate Select revolving credit program will enable customers to enjoy a fast and easy application process. In addition, the card provides competitive rates, flexible terms and a one percent rebate on qualifying sales transactions. The program will be supported from GE Money's Rapid City S.D. office.
"Our commitment to excellence over the past five decades continues to be a vital element of our success. Our customers rely on the exceptional strength and construction of our tanks to ensure their property is protected from spillage and their investment is secure," said Lucio Di Clemente, president and chief executive officer of Granby Industries Income Fund. "We're pleased to enhance their buying experience even further with GE's financial product offerings, marketing capabilities and knowledgeable customer service staff."
About Granby Steel Tanks
Granby Steel Tanks was the first manufacturer of residential and commercial steel tanks for petroleum products. The company was founded in 1954 in Granby, Quebec. Today Granby Steel Tanks is North America's leading manufacturer of high quality steel storage tanks for petroleum products. Granby Steel Tanks offers a wide range of high-quality products to the North American market - goods that respond to specific criteria of security, durability and reliability. Through its continuing quest for product improvement it has enhanced overall industry standards. More information can be found at www.granbytanks.com.
About Retail Sales Finance and GE Money
Retail Sales Finance, based in Kettering, Ohio, is part of GE Money, formerly GE Consumer Finance, and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in more than 20 industries including: powersports, home improvement, outdoor power equipment, automotive, recreational vehicles, marine, consumer electronics and appliances, furniture, floor covering, music, jewelry, and health care. With $163 billion in assets, GE Money, a unit of General Electric Company (NYSE: GE), is a leading provider of credit services to consumers, retailers and auto dealers in approximately 50 countries around the world. GE Money, based in Stamford, Connecticut, offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information is at www.gemoney.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
(C)2006 General Electric Company, All rights reserved.
Contacts GE Money
Cristy Williams, 678-518-2596
[email protected]
Cristy Williams
[email protected]
678.518.2596