BDC Capital provides $2.2 mln to finance Fuller's buy of ACR
BDC Capital has provided $2.2 million in senior debt and mezzanine financing to Fuller Industrial Corp, a Sudbury, Ontario-based maker and supplier of rubber-lined pipes, fittings and tanks for the mining, forestry and heavy industrial sectors. The funds raised will support Fuller's acquisition of ACR Group Inc, a manufacturer of wear and impact resistant products. The deal will help Fuller expand into Western Canada and penetrate the oil and gas industry. Fuller was established in 2004 by CEO Jeff Fuller. BDC Capital invested in the company through its Growth and Transition Capital group, which earlier in 2017 received $1.8 billion in fresh funding.
23 October 2017•3 mins read
