Alpha Packaging is pleased to announce that Terry Moody has joined the company as Chief Executive Officer. Alpha, a portfolio company of Irving Place Capital, is a leading blow molder of bottles and jars for rapidly growing consumer markets, including the nutrition, pharmaceutical, personal care and niche food and beverage categories. Mr. Moody brings over 30 years of experience in specialty manufacturing to Alpha.
Mr. Moody joins Alpha from Fives Group where he was CEO of its Metal Cutting & Composites strategic business unit. Fives designs and manufactures a wide range of process equipment and production lines for the world’s largest industrial companies. In his role, Mr. Moody had responsibility for over 1,500 employees, 240 sales and service professionals and 8 facilities located in North America, Europe and Asia. Mr. Moody also served on the Executive Committee of the France-based industrial conglomerate.
Prior to his role at Fives, Mr. Moody was Executive Vice President of Global Operations at Victor Technologies in St. Louis, Missouri, a global leader of cutting, welding and gas control equipment. Victor Technologies was a portfolio company of Irving Place Capital before being acquired by Colfax Corporation (NYSE: CFX) in 2014.
“I am excited by the opportunity to lead Alpha in its next phase of growth,” said Mr. Moody. “Alpha has an impressive service-oriented model and a reputation for outstanding product quality. I look forward to working with the Alpha team as well as our customers to further strengthen Alpha’s leading market position and continue to grow the business.”
“We are delighted to welcome Terry to Alpha,” said Phil Yates, Chairman of Alpha Packaging. “Terry is a proven executive that brings extensive experience in leading specialty manufacturing businesses. We are confident that he will continue to build upon Alpha’s success and drive growth in partnership with our customers.”
About Alpha Packaging:
Alpha Packaging is a manufacturer of bottles and jars for the nutritional, pharmaceutical, personal care, household chemical, and niche food and beverage markets. It employs over 1,000 people at eight facilities in North America and two plants in Europe. In addition to manufacturing, Alpha Packaging has tool-making capabilities, from unit body cavity molds to complete high-cavity production tooling, and also offers high-speed, automated container decorating services.
About Irving Place Capital:
Since its founding in 1997, Irving Place Capital has invested in over 60 portfolio companies, primarily in the packaging, industrial and consumer industries. Irving Place Capital has built one of the leading packaging-focused investment practices in private equity having completed a total of 19 acquisitions in the packaging industry. The firm focuses on making investments where it can apply its substantial operating and strategic resources and expertise to enhance value. Irving Place Capital generally seeks to invest in companies headquartered in North America or Europe. More information about Irving Place Capital is available at http://www.irvingplacecapital.com.