New CEO named for screw and barrel producer Xaloy
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Kamal K. Tiwari, the operating partner of Chicago-based Altair Investments Inc., has been named CEO of Xaloy Holdings LLC, a nearly century-old manufacturer of screws, barrels and components for injection molding and extrusion machinery.
Altair acquired Xaloy s manufacturing plants in Austintown, Ohio; Pulaski, Va.; and Chonburi, Thailand, as well as numerous sales offices from Westlake, Ohio-based Nordson Corp. in December.
The product line dates back to 1929 and generated more than $70 million in annual sales with 500 employees. The companies announced completion of the sale Feb. 1, followed by Tiwari s new position on Feb. 2.