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Beacon Falls Retail Management Company Funds Acquisition Through Citizens

January 31, 2017 | Reprints | Unlock Link | Print

Beacon Falls-based NEJ Inc. has received a line of credit through Citizens Bank to fund a new business acquisition.

NEJ, a retail inventory solutions firm, will use the $30 million credit to acquire Bills Khakis, a clothing line also located in Beacon Falls.

NEJ will also use the funds for general working capital as they expand.

The credit line came through Citizens’ Commercial Banking division.