Gredale

Gredale LLC has entered into a definitive agreement to acquire a majority interest in Maskco Technologies Inc., a Miami-based PPE manufacturer. The enterprise valuation was set at $4.4 billion, with additional infrastructure investments and credit facilities totaling $400 million.

Maskco Technologies announced a strategic manufacturing partnership and $100 million investment from Gredale to establish a production facility in Los Angeles, California, with capacity of 160 million N95 masks per month, expected to open in March 2021.