Funeral Industry News

Wilbert Plastics Spending $5.7 Million on New Headquarters in North Carolina

January 7, 2010

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Wilbert Plastics Spending $5.7 Million on New Headquarters in North Carolina

imageWilbert Plastics Services. Inc. said Jan. 6 that it will relocate its corporate headquarters from the Chicago area to Belmont, N.C.

The Broadview, Ill.-based thermoformer and injection molder plans to add 41 jobs in Belmont and spend $5.7 million on improvements over the next three years ? including adding capacity at its thermoforming plant there, President and CEO Greg Botner said in a telephone interview.

?We?re finding that the bulk of our [customer] activity is in the southeast, the south and the border regions, as well as Mexico,? he said. ?Plus, the new headquarters will be nearer to our southern manufacturing operations.?

According to a news release from North Carolina Gov. Bev Perdue?s office, Wilbert?s 41 new headquarters positions will pay an average annual salary of about $94,000, not including benefits ? far above the surrounding Gaston County wage average of about $33,000.

?Our top-notch business climate, highly skilled workforce and tremendous quality of life are among the primary reasons businesses are choosing our state to relocate their headquarters and grow operations,? Perdue said.

Wilbert received an $82,000 grant from the One North Carolina Fund (which aims to recruit and expand jobs in high value-added, knowledge-driven industries) to help relocate its headquarters, state officials said.

Botner said the move falls under a larger, long-term reorganization of the firm, and that six or seven of about 10 employees in Illinois will move south to the new headquarters.

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

Wilbert Inc. in 2008 shut down a factory in Little Hocking, Ohio, that thermoformed components for burial vaults. The company in 2007 sold its TriEnda heavy-gauge thermoforming plant in Portage, Wis., to Curtis Zamec, Wilbert?s former CEO and president.

?We had a solid [2009], given the economic downturn,? Botner said. ?We?re off 33 percent overall in our sales ? but we have pared debt, sold off TriEnda, had effective management of working capital and have found ourselves in a very strong position moving forward.

?We also may be looking for an acquisition in the near future,? Botner said. He would not say exactly what kind of business Wilbert has in mind.

Wilbert is a national supplier to the automotive, industrial equipment and custom parts markets. The company?s North Carolina plants include the one in Belmont with 81 workers and a Harrisburg plant that employs 90 in its injection molding operation.

Wilbert?s other thermoforming plants are in White Bear Lake, Minn., with 145 employees; and Winthrop, Iowa, which employs 117. The company?s other injection molding plants are in Bellevue, Ohio (147 employees); Lebanon, Ky. (124 workers); and St. Matthews, S.C. (79 employees).

In Plastics News? most recent industry rankings, Wilbert was the 10th largest thermoformer and the 62nd largest injection molder in North America, with combined 2008 sales of about $180 million.

Source: Plasticsnews.com