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.
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NEW YORK, May 11, 2021 /PRNewswire/ Alleghany Capital Corporation ( Alleghany Capital ), a wholly-owned subsidiary of Alleghany Corporation, today announced that it has formed a new wholly-owned subsidiary, Piedmont Manufacturing Group, LLC ( Piedmont Manufacturing ), to acquire Wilbert, Inc. (dba Wilbert Plastic Services and referred to herein as WPS or the Company ), a provider of injection molded and thermoformed parts and multi-component assemblies for original equipment manufacturer ( OEM ) customers in a range of end-markets. Operating out of three facilities in the Southeast and one in the Midwest United States, WPS provides OEM customers in the industrial, commercial, transportation, recreational, medical, and other industries with a full range of product design and engineering, injection molding, thermoforming, painting, assembly, logistics, and inventory management capabilities.