Libra Industries names Jennifer Altstadt president

By Rachel Abbey McCcafferty
CRAIN'S CLEVELAND BUSINESS

Published: April 30, 2013 1:41 pm ET
Updated: April 30, 2013 3:52 pm ET

Image By: Plastics News Jennifer Altstadt

Related to this story

Topics Containers/closures, Electronics, Packaging, Injection Molding

MENTOR, OHIO — Jennifer Altstadt, the former president of plastic closure molder Weatherchem Corp., has been named president of Mentor-based Libra Industries, a contract manufacturer of electronics.

Altstadt started at Libra Industries on April 15. Weatherchem, a Twinsburg, Ohio-based maker of plastic dispensing enclosures, was acquired late last year by Mold-Rite Plastics of Plattsburgh, N.Y.

Libra Industries' former president, Rod Howell, now has taken on the title of CEO. Howell, the owner and co-founder, said he wanted to hire someone who could take care of the day-to-day operations of the business while he focused on long-term strategic planning.

"So, it's going to be more of a team effort," Howell said.

Howell said he had been trying to do both as president and realized he would need to split those duties if the company was to continue to grow. Libra Industries currently brings in $30 million to $35 million in annual revenue, Howell said, and he'd like to see that double in the next few years.

Altstadt is the "last piece that we need" to grow, Howell said.

Howell said Altstadt is well respected in the field and possess the education, training and experience to lead Libra Industries. At Weatherchem, she created an employee-friendly culture that promoted teamwork, he said.

Libra Industries, which employs about 150 at two plants in Mentor, has spent the last few years investing heavily in equipment and infrastructure. Howell said it is time to begin leveraging those investments to sign new customers and to enter new markets.

One such step is the company's recent registration with the U.S. Food and Drug Administration to build finished medical devices. Libra Industries has served the medical field in the past, but only could build subsets of devices, Howell said. The FDA registration allows it to build complete, non-implantable medical devices, expanding the company's potential reach into the medical market.


Comments

Libra Industries names Jennifer Altstadt president

By Rachel Abbey McCcafferty
CRAIN'S CLEVELAND BUSINESS

Published: April 30, 2013 1:41 pm ET
Updated: April 30, 2013 3:52 pm ET

Post Your Comments


Back to story


More stories

Image

Cambro investing $30.4 million in new N.C. injection molding plant

April 18, 2014 2:36 pm ET

Foodservice products manufacturer Cambro Manufacturing Co. Inc. plans to set up a satellite production and distribution operation in Mebane, N.C., to ...    More

Image

Increased orders prompt Georg Utz to add capacity, equipment in Indiana

April 18, 2014 12:20 pm ET

Plastic totes and tray orders have picked up to the point where manufacturer Georg Utz Inc. has added machines, silos and material feed systems to...    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

German auto supplier Dr. Schneider opens second US plant

April 17, 2014 12:57 pm ET

Dr. Schneider Kunststoffwerke GmbH, a German supplier of plastic interior auto parts, has opened a $29 million manufacturing plant in Russell Springs,...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events