LB Advisors acquires Amfuel manufacturing company

LB Advisors LLC has acquired Amfuel (American Fuel Cell and Coated Fabrics) in Magnolia, Arkansas, for $1.62 million in a bankruptcy-approved transaction that closed on November 30, 2018. The private equity firm plans to keep operations in Magnolia, add to the 250-person workforce, and grow the business.

“Essentially, we're a group that does turnarounds for a living.”arkansasonline.com

• 1 source
• arkansasonline.comStaying put, says buyer of Amfuel | The Arkansas Democrat-Gazette - Arkansas' Best News SourceNoel OmanJan 4, 2019

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