Wells Fargo 2012 Annual Report Download - page 19


Global reach, localteam.
U.S.-based manufacturing company MAT Holdings needed
help with financing as well as support for its global operations.
By working with WellsFargo, the company and its CEO,
SteveWang, now have the support to seek out possibilities
forfurther expansion.
 countries
With a presence in 37countries, WellsFargo
serves theneeds of businesses across all segments.
WellsFargo also serves more than 3,000banks
in 130countries, 48central banks, and a variety
ofmultilateral organizations.
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and distributes products for home improvement centers and
the automotive industry. CEO Steve Wang began working
with WellsFargo in 2006 based on a recommendation from
another company. Since then, MAT Holdings has grown its
relationship with WellsFargo, including a recent acquisition
made possible with increased credit.
“The big dierence is that WellsFargo works with my
teams instead of telling us ‘no’ or telling us we have to do
things acertain way,” said Wang. “WellsFargo supports
my team on daily activities so Ican focus on global growth
opportunities. That gives me a confidence level Inever
hadbefore.”
MAT Holdings has 11locations in the U.S. and 27locations
in Europe, India, China, and Vietnam. “Weuse WellsFargo for
avariety of international business services, including foreign
exchange, trade letters of credit, and financing our global
operations,” said Wang.
Relationship Manager Rosalie Hawley said, “AsWellsFargo
grows our international capabilities, we’ve been talking with
MAT Holdings about other ways we can assist. Ultimately, the
goal is to give them and all our customers with international
needs the same level of excellent service they receive intheU.S.”
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WellsFargo’s Betty Latson (left), Rosalie Hawley,
and Peter Gates (right) with Steve Wang,
LongGrove,Illinois