Owner Resource Group, LLC (“ORG”) announced today that it has acquired Richardson Molding, Inc. (the “Company”).
Headquartered in Columbus, IN, Richardson Molding is a leading manufacturer of proprietary and custom injection molded products primarily serving the industrial lead-acid battery market. Richardson Molding provides battery containers and covers to an attractive base of national original equipment manufacturers (“OEMs”) producing batteries in a variety of end markets including (a) motive power, (b) stationary/reserve power, and (c) starting, lighting and ignition (SLI) power. Richardson Molding also produces injection molded products for the automotive industry and consumer markets. The Company maintains a market leading position, using proprietary molds and manufacturing techniques to support and grow upon its revered, blue-chip customer base. Roger Winslow, Owner and CEO of Richardson Molding, has retired from the business and will be succeeded by Steve Dyer, a 20-year plastics and battery industry veteran.
Read the full article: http://finance.yahoo.com/news/owner-group-invests-richardson-molding-200500655.html