Gloucester Engineering To Emerge from Chapt. 11, Blue Wolf Takes Majority Stake

Gloucester Engineering said Monday that it plans to emerge from Chapter 11 bankruptcy protection on Dec. 31, the day its plan of reorganization becomes effective. Blue Wolf Capital Partners, a New York PE firm, will now become Gloucester Engineering’s majority shareholder. Gloucester Engineering, of Gloucester, Mass., provides equipment for the plastics extrusion and converting industry.