Gloucester Engineering’s Recent Success Highlighted in Local Newspaper

The Gloucester Times newspaper recently included an article about our recent growth and success. To read the full article – click here.

Here’s an excerpt:

Plastics firm makes dramatic new gains
By Nancy Gaines, Correspondent, published May 6, 2013

Buoyed by new ownership, new products, new acquisitions and a new emphasis on service, venerable Gloucester Engineering has bounded back from a 2010 bankruptcy to double its sales in 2011 and double them again last year, said company CEO Mark Steele.

Based on order backlog, the company predicts 35 percent growth this year on sales that are estimated by industry analysts to be near the annual $40 million mark attained prior to its decline commencing about 10 years ago. Actual revenue for the private company is not disclosed, officials said.

Read more

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