COLUMBUS, Ind.—Fromer Trostel CEO Steve Dyer has been named CEO of Richardson Molding Inc., following its acquisition by Austin, Texas-based private investment firm Owner Resource Group L.C.C.
Dyer, who also previous worked for Dickten Masch Plastics, succeeds Owner and CEO Roger Winslow, who has retired.
The Columbus-based company manufactures injection molded parts, primarily for the lead-acid battery market.
Jon Gormin, Owner Resource Group managing director, 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.
The deal for Richardson Molding closed Jan. 3. Products include battery containers and covers for 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.