# 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.

- Type: Acquisition
- Announced: 2019-01-04
- Where: Magnolia, Arkansas, United States
- Value: $1.62M
- Jobs: 250
- Status: completed
- Products: fuel cells, bladders for aircraft
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [LB Advisors](https://endata.com/companies/36491.md) (acquirer)
- [Amfuel](https://endata.com/companies/36492.md) (target)

## Sources

- [arkansasonline.com](https://www.arkansasonline.com/news/2019/jan/04/staying-put-says-buyer-of-amfuel-201901/), 2019-01-04: "Essentially, we're a group that does turnarounds for a living."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.