MATLET Group Refinances, Reaps $8.5M Equity Infusion

PAWTUCKET, RI—The MATLET Group has recapitalized and refinanced its senior and mezzanine indebtedness, combined with a new $8.5 million equity investment by Preferred Packaging Partners of Providence, RI.

The MATLET Group owns two manufacturing companies—Packaging Graphics in Pawtucket and Central Florida Press in Orlando—as well as NOVA Marketing Services, a direct mail, inventory management and fulfillment company in St. Louis. Nearly half of the 450 employees are based in Rhode Island.