New owner sees long-term involvement with Gloucester Engineering


Under the private equity ownership of Blue Wolf Capital Partners LLC, Gloucester Engineering Co. will get a new start as the film equipment manufacturer dramatically cuts its debt and emerges from Chapter 11 bankruptcy, a Blue Wolf official said.

Gloucester Engineering filed its reorganization plan Sept. 29 in U.S. Bankruptcy Court in Boston.

“One of the things that makes us very optimistic about the future is, the company’s going to emerge with a much stronger balance sheet,” said Michael Ranson,...
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