Gloucester Engineering said it plans to emerge from Chapter 11 bankruptcy protection on Dec. 31, the day its plan of reorganization becomes effective. Blue Wolf Capital Partners, a New York buyout firm, will now become Gloucester Engineering’s majority shareholder. Gloucester Engineering, of Gloucester, Mass., provides equipment for the plastics extrusion and converting industry.
RHI Entertainment, which develops, produces and distributes made-for-television movies, miniseries and other television programming, has filed for Chapter 11 bankruptcy protection. RHI was taken private by Kelso & Co. in January 2006, and went public again in 2008. The company plans to emerge from Chapter 11 during the first quarter of 2011.