Y - Alleghany Capital establishes another industry platform to buy Wilbert

Alleghany's (Y) wholly-owned subsidiary Alleghany Capital establishes Piedmont Manufacturing Group, LLC to acquire Wilbert ((WPS)), a provider of injection molded and thermoformed parts and multi-component assemblies for original equipment manufacturer ((OEM)) customers in a range of end-markets.Wilbert operates out of three facilities in the Southeast and one in the Midwest United States with OEM customers in the industrial, commercial, transportation, recreational and medical sectors."We are pleased to announce the formation of Piedmont Manufacturing as our eighth platform company and are excited about its acquisition of WPS. We look forward to supporting Greg Botner, President and Chief Executive Officer of WPS, and his dedicated team of over 600 employees as they continue to provide their customers with essential components and services for products that consumers use every day," says Alleghany Capital's President and CEO David Van Geyzel. Alleghany Capital was called out in Seeking Alpha's Catalyst Watch this week for likely volatility following its virtual investor meeting.

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Alleghany Capital establishes another industry platform to buy Wilbert