Gloucester Engineering files for Chapter 11


GLOUCESTER, MASS. (June 25, 3 p.m. ET) -- Film extruder manufacturer Gloucester Engineering Co. on June 25 filed for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code.

“We consulted very closely with our financial advisers, and this was a difficult decision, and we chose to do what is best for our creditors, our employees and our customers,” President Carl Johnson said in a June 25 telephone interview.

The U.S. Bankruptcy Court in Boston will ...
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