# 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.

- Type: Investment
- Announced: 2021-01-11
- Where: Magnolia, Arkansas, United States
- Value: $50.0M
- Jobs: 130
- Status: completed
- Capacity: tripled production
- Products: bullet-resistant aircraft fuel cells
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

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

## Sources

- [arkansasbusiness.com](https://www.arkansasbusiness.com/article/out-of-bankruptcy-amfuel-soars/), 2021-01-11: "The new owners also lined up $50 million for improvements and growth."

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