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 Packaging, Electronics, Injection Molding, Containers/closures

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

Brown signs California's plastic bag ban into law

September 30, 2014 1:38 pm ET

Gov. Jerry Brown (D) made it official today: plastic bags are banned across the entire state of California.    More

Image

Teens put a cap on watery ketchup

September 30, 2014 1:57 pm ET

Whether you spell it ketchup or catsup, use it on burgers or fries, or prefer Heinz or Hunt's, there is one universal problem for the ages: That...    More

Image

Amcor planning more growth in Asia

September 30, 2014 10:24 am ET

Flexible packaging firm Amcor Ltd. is rapidly expanding its presence in the Asian market. The company's top official in the region said it will soon...    More

Image

Uflex to build large flexible packaging plant in western India

September 30, 2014 10:01 am ET

Flexible packaging company Uflex Ltd. is planning a major new plant in the western Indian state of Gujarat.    More

Image

Malaysia's Scientex investing in PE, BOPP film capacity

September 30, 2014 9:51 am ET

Flexible packaging manufacturer Scientex Bhd, based in Malaysia, is planning investment of 300 million Malaysia ringgits ($91.4 million) over three ye...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events