Citizens Bank provides $23 million for merger including N.H. plastics firm

CITIZENS BANK provided $23 million to help finance a merger including New Hampshire-based GI Plastek and South Carolina-based Precision Southeast Inc. to create a new company called PSI Molded Plastics Inc. / BLOOMBERG FILE PHOTO/KELVIN MA
CITIZENS BANK provided $23 million to help finance a merger including New Hampshire-based GI Plastek and South Carolina-based Precision Southeast Inc. to create a new company called PSI Molded Plastics Inc. / BLOOMBERG FILE PHOTO/KELVIN MA
PROVIDENCE – Citizens Bank last week announced it provided $23 million to help finance a merger including a New Hampshire plastics company. The merger, between New Hampshire-based GI Plastek and South Carolina-based Precision Southeast Inc., created a new company called PSI Molded Plastics Inc. Citizens, based in Providence, provided a $23 million credit facility to…

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