Gilman Brothers Receives $4.5M Financing

The Gilman Brothers Company, a Gilman, Conn.-based manufacturer of foamboard products for signage, displays and graphics, received a $4.5m financing package.

Backers included Connecticut Innovations (CI), which made a $750k loan through its direct loan program, Midcap Business Credit LLC of West Hartford, Conn.

The company intends to use the proceeds to expand the business.

Established in 1897 and led by Evan Gilman, CEO, the Gilman Brothers Company provides multinational enterprises with foamboard products for signage, displays and graphics.
The company recently introduced two reengineered products:
– Duraplast®, a foamboard which offers dimensional stability, a flat surface for direct printing, and the ability to be shaped into components for exhibits and displays;
– Ryno Board®, a heavy-duty foamboard with double-thick surface liners and high-density foam; and
– Mountcor®, an innovative new foamboard.



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