Milwaukee-based manufacturer Sellars Absorbent Materials has raised about $1.05 million in equity from three investors, according to a filing with the U.S. Securities and Exchange Commission. The company is looking to raise a total of $3.9 million, according to the filing.
Sellars Absorbent Materials is a manufacturer of shop towels, wet wipes, disposable wipers and sorbents made with recycled fibers. The company also raised $20.5 million in equity last January.
Sellars Absorbent Materials has closed several funding rounds in recent years, including a $10.6 million round in 2013.
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