GRAND RAPIDS, Mich., Aug. 24, 2015 /PRNewswire/ -- McClarin Plastics, LLC, a Hanover, Pa.-based national manufacturer and provider of composites and fiber-reinforced plastic components, announced that it has named Wade Wolcott as Vice President and General Manager of Dynamic Fabricators, a division of the company.
Wolcott brings more than 30 years of industry experience to McClarin and was hired to continue the company's growth momentum. In his new role, he will focus on targeting and evaluating add-on acquisitions that will complement the division and will be heavily involved in the acquisition and integration processes.
Wolcott was the sole owner of Dynamic Fabricators from 2006 to 2009, when it was acquired by Amtech, LLC, an industry-leading manufacturer of fiber-reinforced plastic components that merged with McClarin Plastics in 2015. He was responsible for transforming the company's financial performance into a top-performing, profitable business, and in a year, Wolcott increased the company's consumer base by 30 percent. Most recently, he served as an account manager for the HORN Composites and Fabrication Materials business unit. In addition to being a member of the American Composite Manufacturers Association, Wolcott is also the inventor of a filament winding machine, a wood fabrication machine and a proprietary marine dock product line.
"Wade is an expert in composites and his track record in the industry is outstanding," said Jerry Armstrong, president and CEO of McClarin Plastics. "We have plans to considerably grow the business over the next decade and are confident that his direct experience and knowledge of Dynamic Fabricators will produce positive results and drive the company's growth initiatives."
McClarin Plastics is a portfolio company of Blackford Capital, LLC, a national private equity firm headquartered in Grand Rapids, Mich., that acquires, manages and builds middle-market energy, manufacturing, distribution and service companies. Blackford Capital acquired McClarin Plastics in 2015 through its merger with Amtech, LLC, which Blackford acquired in 2008.
About McClarin Plastics
Founded in 1953, McClarin Plastics, LLC. is a national premier contract manufacturer of large thermoformed plastic and fiberglass reinforced plastic components including ABS, polycarbonate, PETG, Styrene, TPO and PC/ABS, polyethylene components, fiberglass, resin transfer molding (RTM), vacuum assist RTM (VARTM), large and small vacuum-form plastics capabilities, finishing, value-added assembly, and custom packaging for industrial equipment, construction, rail, transportation, agricultural and medical applications. The company also offers open, cold, or multi-cavity molding options for fiberglass reinforced plastic molding and fabrication, providing production throughout North America with international exports to Asia and Europe. In January of 2015 McClarin merged with the 28 year old Amtech Corporation forming a national composites manufacturer. For more information, visit www.mcclarinplastics.com.
About Blackford Capital
Blackford Capital is a private equity firm based in Grand Rapids, Mich., that acquires, manages and builds middle-market manufacturing, distribution and service companies, with seven portfolio companies across the country. The firm has offices in Grand Rapids (headquarters) and Santa Monica, CA. Blackford reviewed roughly 4,000 transactions in 2014, and has closed 33 transactions in the past eight years. The firm's investment criteria include mature, profitable businesses with revenues between $20 million and $100 million, with management teams that are either willing to remain with the company or are seeking to retire. For more information, visit www.blackfordcapital.com.
SOURCE McClarin Plastics, LLC