Davis-Standard has interest in buying Gloucester assets


GLOUCESTER, MASS. (Updated June 30, 1 p.m. ET) -- Davis-Standard LLC is interested in buying the assets of Gloucester Engineering Co. — a development that could complicate Gloucester’s plan to voluntarily reorganize under Chapter 11 of the U.S. Bankruptcy Code.

Extrusion equipment manufacturer Gloucester Engineering Co. filed for Chapter 11 protection on June 25 in U.S. Bankruptcy Court in Boston. The Gloucester, Mass.-based company filed the voluntary plan in an effort to reorganize ...
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