Alert: Packaging World now enhanced for the iPad and iPhone. Watch a quick video preview
Article |

Mold-Rite Plastics acquires Weatherchem Corporation

Mold-Rite Plastics, manufacturer of rigid plastic packaging products, has acquired Weatherchem Corporation, Ohio-based maker of plastic dispensing closures.
Print Reprint
     

The announcement comes just weeks after Mold-Rite acquired Stull Technologies, a New Jersey-based manufacturer of dispensing closures, caps, lids, and packaging components.  Both transactions serve to broaden Mold-Rite Plastics’ product line, geographic reach and manufacturing capabilities while adding talented personnel to its organization.  

Founded in 1971, Weatherchem established itself in the packaging industry with its creative line of plastic dispensing closures for containers and bottles.  Mold-Rite Plastics, which is owned by private equity firm Irving Place Capital, will retain the Weatherchem name to leverage the company’s substantial brand equity as they have done with Stull Technologies.

For Mold-Rite, the acquisition of Weatherchem is part of a larger expansion plan that includes both organic growth and acquisitions, and builds upon the company’s standards of providing customers with reliability, a superior customer experience and innovation. 

“Our mission is to enhance our customers’ experience through superior packaging solutions delivered with unprecedented flexibility and responsiveness, and bringing Weatherchem into our family exemplifies our commitment to that goal,” said Brian Bauerbach, President and CEO of Mold-Rite Plastics.  “Joining with an innovative company such as Weatherchem further adds to our high level of customer-focused value, and we are excited to be able to provide these new products and capabilities to our customers.”

“Uniting with Mold-Rite Plastics will allow us to improve the overall value we bring to our customers through an expanded company reach and products that naturally complement one another,” said Jennifer Altstadt, President of Weatherchem Corporation.

Comments(0)

Add new comment

ADVERTISEMENT
E-BOOK SPECIAL REPORT
42 Best Package Designs
Sign up to receive timely updates from our editors and download this e-book consisting of our editors' picks of most notable package designs. Updated for 2014!
x

 

Newsletters
Don’t miss intelligence crucial to your job and business!
Click on any newsletter to view a sample. Enter your email address below to sign up!
GENERAL INTEREST

New Issue Alert

Packaging World Magazine

eClip

Breaking packaging news

Packaging Insights

Pertinent packaging issues

On the Edge Blog

Workforce Development

PACKAGE DESIGN/
DEVELOPMENT

Greener Package

Sustainable packaging

Shelf Impact

Package design strategies

Each newsletter ranges in frequency from once per month to a few times per month at most.