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Our investments in Manufacturing companies demonstrate that Massachusetts remains home to a vibrant manufacturing sector.  Portfolio company products range from tissue paper to high performance heat exchangers.  A few of our portfolio companies are profiled below.

Bainbridge International

Founded in 1917 and headquartered in Canton, MA, Bainbridge is the original supplier of sailcloth for recreational sailing, with almost a century’s experience in developing and supplying the highest quality, highest performance materials to the marine industry. The Bainbridge Airx© Spinnaker fabrics are the gold standard in the industry, and the Company’s Coverguard© protective products protect surfaces ranging from the decks of U.S. Navy Aircraft Carriers and Destroyers to the floors of large construction projects like the Freedom Tower in New York City. With a full range of sailcloth, cover fabrics, hardware and accessories, Bainbridge is uniquely qualified and committed to supplying the marine industry with the finest quality materials.

Cybex International, Inc.

Cybex International, Inc. is a leading manufacturer of exercise equipment that is developed primarily for commercial use.  The Cybex product line, including a full range of strength and cardio training machines, is designed using exercise science to reflect the natural movements of the human body.  Cybex designs and builds its products in two facilities; one in Medway, Massachusetts, and the other in Owatonna, Minnesota.  The Company employs 560 people and sells its products in over 90 countries across the globe.

Visit Website: www.cybexintl.com


Founded by Mexican immigrants with a vision to develop the most authentic and high quality tortilla in the market, Harbar is a manufacturer and distributor of premium flour and corn tortillas/wraps for the retail and food service markets in the Northeast US.  Harbar has a leadership role in multiple market niches such as the Natural/Organic, health oriented and the high-performing food service markets.  The Company sells their products under a number of trade names including the Mayan Farms, Maria & Ricardo’s and Wrappy brands.  MCRC has participated in funding the company’s growth plans since 2006.

Visit Website: www.harbar.com

Hazen Paper Company

Founded in 1925, Hazen is a world-class paper converter specializing in film and foil laminations, gravure printing, specialty coating, and embossing.  Hazen products enjoy wide acceptance for use in luxury packaging, lottery tickets, tags and labels, as well as for photo and fine art mounting.  The Company’s substantial investment in holography has made it a leader in creating holographic packaging. Headquartered in Holyoke, MA, Hazen Paper Company remains an independently owned and operated business.  Mass Capital’s investment refinanced existing debt.  The longer maturity and more favorable amortization schedule of MCRC’s subordinated debenture strengthens the balance sheet and provides Hazen with an improved working capital position to help support the Company’s anticipated revenue growth.

Visit Website: http://www.hazen.com/


Founded in 1936, Litecontrol is a leader in the design, development, manufacture, and marketing of innovative, high quality architectural lighting systems. Primary markets for the Company’s products include office buildings, schools, hospitals, laboratories, and libraries throughout North America. The Company designs, develops, fabricates, paints, and assembles its products at two fully integrated manufacturing facilities totaling 450,000 square feet in Hanson and Plympton, Massachusetts. The Company’s manufacturing facilities utilize the latest technologies to ensure that all products maintain the highest quality standards with the least impact on the environment.  Litecontrol is a privately held, employee-owned corporation with 200 employee-owners. The Company completed its transition to ESOP ownership in late 2007.  Mass. Capital’s recent investment replaced the existing ESOP debt with a long term note, providing near term working capital and a more favorable long term amortization schedule.

Visit Website: www.litecontrol.com

Lytron, Inc.

Lytron Inc. is a designer and manufacturer of high-performance thermal management components and systems. Lytron’s standard and custom cold plates, cooling systems, and heat exchangers are found in the medical, laser, military/aerospace, power electronics, analytical, and semiconductor markets. The company engineers custom components and systems for OEMs as well as provides off-the-shelf standard products to OEMs and end users. Lytron sells directly from its headquarters and through its representatives and distributors around the world. MCRC provided Lytron with subordinated debt which helped the company finance an acquisition.

Visit Website: www.lytron.com

Phillips Screw Company

Based in Burlington, Massachusetts, Phillips Screw Company is a leading designer and distributor of fasteners commonly used throughout the world across a wide variety of end markets including building products, aerospace, automotive and industrial applications. Phillips Screw Company was originally founded in 1935 when the Company released the original Phillips crosshead screw. Since then, Phillips has designed a variety of innovative drive systems and remains a well-known brand in the industry. Mass Capital’s subordinated debt and equity investment, along with equity sponsorship by Gemini Investors of Wellesley, MA, financed the management buyout of the Company from long time individual owners.

Seaman Paper Paper Company of Massachusetts

Seaman Paper is a privately owned paper manufacturer operating two paper machines with a capacity of 100 tons per day.  The Company originated in 1945 when the Chicago-based Seaman family purchased a small mill in Otter River, MA.  The mill was spun off by the parent company in 1984 and is now owned by the Jones family.  Under the Jones’ management the mill has continuously been upgraded.  With the addition of converting and printing capabilities, Seaman was able to develop its branded Satin Wrap line of retail packaging tissue which is sold to specialty retailers like Ann Taylor, Talbot’s, Banana Republic and J. Crew; a line of private label gift tissue, serving Hallmark, American Greetings, Costco and Dollar Tree Stores; and a line of industrial tissue products serving the floral, arts and crafts, footwear and produce industries.  Seaman is also the largest crepe streamer manufacturer in the United States. Mass Capital has provided Seaman with long term debt to support a synergistic acquisition and to assist with the Company’s energy conversion from oil to wood-fired boilers.

Visit Website: www.seamanpaper.com

Segue Manufacturing Services

Segue Manufacturing Services was formed by lead investor Axia Capital Partners to acquire Cable Design and Manufacturing (CDM) based in Lowell. Mass. Capital participated in the acquisition financing. CDM was founded in 1991, primarily as a cable and wire harness assembly house. The Company retains strong capabilities in this area, but today Segue is a full-service contract manufacturing company, providing electro-mechanical assemblies, engineering services and supply chain management solutions for over 100 customers in defense, alternative energy, semiconductor, medical device and general industrial markets. The Company’s services enable the customers to dramatically reduce their working capital and support costs. The Company ranks among New England’s top contract manufacturers, having established a reputation for high value, cost effective manufacturing solutions and excellent customer service.

Visit Website: www.segue-mfg.com