Alleghany Capital Forms Piedmont Manufacturing to Acquire Wilbert Plastic Services
May 11, 2021
Alleghany Capital Corporation formed a new wholly-owned subsidiary, Piedmont Manufacturing Group, LLC, to acquire Wilbert, Inc. (dba Wilbert Plastic Services), a U.S. injection-molded and thermoformed parts manufacturer. The acquisition brings Wilbert's four facilities and over 600 employees into Alleghany Capital's industrial platform as it looks to build Piedmont Manufacturing into a platform for value-added plastics and contract manufacturing.
- Buyers
- Alleghany Capital Corporation, Piedmont Manufacturing Group, LLC
- Targets
- Wilbert, Inc. (dba Wilbert Plastic Services)
- Platforms
- Piedmont Manufacturing Group, LLC
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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