Gemcor Garners $500,000 New Financing

  • Feed Type
  • Date
    12/31/2009
  • Company Name
    Gemcor
  • Mailing Address
    100 Gemcor Drive West Seneca, NY 14224
  • Company Description
    Gemcor was founded in 1937 and first developed the Drivmatic process in the early 1940s. The Drivmatic process is the process used around the world for automatically fastening airframe assemblies. Since Gemcor’s inception, over 2,000 Gemcor fastening systems have been shipped worldwide.
  • Website
    http://www.gemcor.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Rand Capital

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