Financial owner buys thermoformer, injection molder Wilbert Plastic Services
Don Loepp and Sarah Kominek
Plastics News Staff
Wilbert Plastic Services Inc. has thermoforming, injection molding and assembling at its U.S. operations.
Wilbert Plastic Services Inc., a major injection molder and industrial thermoformer, has a new financial owner.
Alleghany Capital Corp., a subsidiary of publicly traded investment company Alleghany Corp., has acquired Belmont, N.C.-based WPS under a new subsidiary, Piedmont Manufacturing Group LLC.
Terms of the deal were not disclosed.
WPS had been privately held by more than 120 shareholders. President and CEO Greg Botner will remain, as will the company s 600 employees.