LANCASTER, PA, Jan. 7 -- Bulova Technologies, a contract electronics manufacturer, today announced it has raised $6 million in mezzanine capital for future expansion.

The financing, provided by NewSpring Ventures and TRF Urban Growth Partners, will fund a planned expansion in December.

"This financing will provide the resources to continue to grow the company and to take advantage of both organic opportunities and potential acquisitions," said Stephen L. Gurba, president and chief executive.

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Privately held Bulova was founded in 1942 as a subsidiary of the Bulova Watch Co.