Gloucester Engineering Co. Receives Credit Facility

Gloucester Engineering Co., a Gloucester, MA-based provider of capital equipment for the plastics extrusion and converting industry, received a credit facility of undisclosed amount from an affiliate of Blue Wolf Capital Fund II.
The facility will enable the company to fund its working capital requirements.
Commenting on the financing, Michael Ranson, a Partner at Blue Wolf, said that “this funding will allow Gloucester to resume its leadership position and take advantage of improving economic conditions”.
The company manufactures its equipment from its headquarters in Gloucester and through its joint-venture company in Damman, India, Kabra Gloucester Engineering.

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