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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Smartphone work adds 52 percent to sales for China's Eva Precision

September 18, 2014 4:37 pm ET

Growth in supplying the smartphone and automotive industries helped Chinese processor Eva Precision Holdings Ltd. push injection molding sales up 52...    More

Image

Nolato Contour beefs up white room molding capabilities

September 18, 2014 11:56 am ET

Nolato Medical has extended its controlled environment options to include a white room at its Baldwin, Wis., Nolato Contour plant.    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events