Investment firm buys Richardson Molding; Steve Dyer named CEO

Comments Email Print
Steven Dyer

Private investment firm Owner Resource Group LLC is acquiring Richardson Molding Inc., an Indiana maker of injection molded parts, primarily for the lead-acid battery market.

Richardson owner and CEO Roger Winslow has retired and Steve Dyer is taking control of the Columbus, Ind.-based company.

Dyer is the former president of CEO of Trostel Ltd. and Dickten Masch Plastics.

“ORG is an ideal partner for Richardson Molding as the company enters the next chapter of growth,” Winslow said in a statement.

Owner Resource Group Managing Director Jon Gormin indicated the company has a strong position in its markets and room to grow.

“Over its history, Richardson Molding has built a leading position and reputation within the industry, serving a strong base of premier OEMs and utilizing proprietary molds and manufacturing techniques,” Gormin said in a statement.

The new owners “strongly believe that the company is well positioned for growth within its existing and new end markets,” he continued.

Owner Resource Group is based in Austin, Texas.

The deal for Richardson Molding closed Jan. 3.

Products include battery containers and covers for what is described as “an attractive base of national original equipment manufacturers.” Markets served include motive power, stationary/reserve power and starting, lighting and ignition power, Owner Resource Group said. The company also serves the automotive and consumer markets.

Molding Business Services represented Richardson in the sale.