Bud Smith, a veteran of the Canadian plastic films industry who led PCL Packaging Corp. and worked at DuPont Canada, was named the new president and chief executive officer of film equipment maker Brampton Engineering Inc.
Smith replaces Bill Wybenga, Brampton Engineering's long-time top executive. Wybenga will continue to serve on the Brampton, Ontario-based company's board and will act as a consultant to the machinery manufacturer. Smith said Wybenga will be semiretired, but will continue to play a role with the company, which is in solid shape, he added.
``Bill has built a very sound company here,'' Smith said in a telephone interview. ``The company has excellent technology and it's known around the world for its technology leadership and multilayer coextrusion [machinery]. I'm really here as the next-generation leader to take the company forward.''
The board announced the move Sept. 11.
Smith, an engineer, worked for 20 years at DuPont Canada, for most of that time in the flexible-packaging business. His final position at DuPont was running the global liquid-packaging business, overseeing innovations such as milk pouches and aseptic packaging.
In 1994 he moved to PCL Packaging in Oakville, Ontario, where he led the company's growth into a major North American supplier of plastic bags and film. Smith left PCL in 2000 and became president and CEO of Acatris Inc. of Oakville, a supplier of ingredients for food and health products.
Wybenga joined Brampton Engineering in the early 1980s. He was the company's principle shareholder until the mid-1990s, when Canadian firms RBC Capital Partners and Penfund Investment Corp. took an ownership stake. RBC and Penfund, as well as Wybenga, still are among the company's shareholders.
Smith declined to provide sales or employment figures. He said the company is seeing increased quotations for film lines. ``This market is going to turn around and Brampton is preparing itself to be a leader when a turnaround does take place,'' Smith said.