You could say 2010 was a pretty pivotal year for Gloucester Engineering Co. (GEC).
The company filed for Chapter 11 bankruptcy that year, only to emerge from it after an investment by New York private equity firm Blue Wolf Capital Partners, which is currently a majority stakeholder in the company.
Now in its 52nd year, GEC recently expanded its blown film machinery die rebuilding offerings due to an increased demand for the service.
"We suspect many companies held off coming to us during our turnaround, now are coming back to us in a big way," Laurent Cros, GEC VP aftermarket and service, told PlasticsToday. "With the stability brought by our owners, Blue Wolf Capital, and the potential of GEC, combined with the acquisition of two of the industry's leading components manufacturers, processors needing machinery and upgrades are confident in our capabilities and our future. Our track record both in quality and turnaround times in the recent past also play a role in the amount of new requests we are receiving."