Wilbert Plastics Buys Injection Molder United Southern Industries

March 8, 2010
Advertisement

imageWilbert Plastics Services Inc. has acquired United Southern Industries Inc., an injection molder based in Forest City, N.C.

Terms of the deal, announced March 5, were not disclosed.

?The acquisition of United Southern allows us to expand our manufacturing footprint in the southeast U.S. region,? Greg Botner, president and CEO of Belmont, N.C.-based Wilbert, said in a March 5 news release.

United Southern officials were not available for comment.

Advertisement

Meanwhile, Wilbert is closing a thermoforming plant in Winthrop, Iowa, according to a report from the Cedar Rapids, Iowa, Gazette’s Web site. According to the report, which quotes a statement from Wilbert, the plant will close by mid-year, eliminating 117 jobs. Work will move to plants in Minnesota and North Carolina.

The company blamed “dramatic changes in demand and economic conditions within the industry.” The plant, which supplied Deere & Co. and other customers, has nine machines.

United Southern makes components for markets including home appliances, automotive, building materials, consumer products, lawn and garden, and packaging. It employs 245 at two plants.

Manufacturing services include coinjection, gas-assisted injection molding, insert molding, multishot molding and thermoplastic injection, as well as tooling, prototyping and painting.

United Southern ranked 147th in Plastics News? most recent survey of North American injection molders, with sales of $30 million.

Wilbert is a national supplier to the agricultural, automotive, building products, industrial equipment, consumer products, electronics, health-care, recreational vehicle/watercraft, waste management and custom parts markets.

It moved its headquarters from Broadview, Ill., to Belmont earlier this year, and said it would spend spend $5.7 million on improvements during the next three years ? including adding capacity at its thermoforming plant there.

In 2009, Wilbert Inc., the holding company of Wilbert Plastics Services and burial vault maker Wilbert Funeral Services Inc., spun off the burial vault business. The vault business continues to be based in Broadview and buys thermoformed plastic vault liners from Wilbert Plastic Services.

Wilbert Plastic Services ranked 18th in Plastics News? most recent thermoformers ranking, and 62nd among North American injection molders, with combined sales for those operations estimated at $191 million. The company employs about 1,200 at seven plants in the United States.

Source: PlasticsNews.com

CDFuneralNews

CDFuneralNews

ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com we have created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
CDFuneralNews
Advertisement

You may be interested

FTC Releases Results of Undercover Funeral Rule Investigation… 4 Regions Bombed
Funeral Industry News
949 views
Funeral Industry News
949 views

FTC Releases Results of Undercover Funeral Rule Investigation… 4 Regions Bombed

Justin Crowe - June 18, 2018

The FTC has released its report detailing the results of its undercover Funeral Rule investigation for 2017. Last year, the…

RELEASE THE FN CRAKN! | FUNERAL nation 114
Funeral Industry News
276 views
Funeral Industry News
276 views

RELEASE THE FN CRAKN! | FUNERAL nation 114

CDFuneralNews - June 18, 2018

It's a barn burner... The Commander is moving his Command Post!!! Besides the Commander on the move, the boys speak…

FrontRunner Professional Announces Expansion of Development Team
Frontrunner Professional
3 views
Frontrunner Professional
3 views

FrontRunner Professional Announces Expansion of Development Team

CDFuneralNews - June 18, 2018

Today FrontRunner Professional announced a significant expansion to their programming and development team with the addition of Greg Daye and…

Comments