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Mace raises $8.3m

August 11, 2011Martha Entwistle

HORSHAM, Pa.—With most of its legacy issues settled, Mace recently raised $8.3 million through a rights offering to existing shareholders, and now has money in the bank to execute its growth strategy. “We're quite happy with the outcome,” Mace CEO Dennis Raefield told Security Systems News. “We settled a whole lot of open issues—as you know the company had a troubled past with problems with the ex-CEO and the Environmental Protection Agency. We've settled those, and...

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