Amfuel secures $50M for improvements and growth after bankruptcy exit

Amfuel, a Magnolia, Arkansas defense contractor, was bought out of Chapter 11 bankruptcy by LB Advisors in November 2018 for $1.6 million. Under new ownership, the company raised employment to 370, tripled production, and secured $50 million for improvements and growth.

“The new owners also lined up $50 million for improvements and growth.”arkansasbusiness.com

• 1 source
• arkansasbusiness.comOut of Bankruptcy, Amfuel SoarsKyle MasseyJan 11, 2021

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