SOURCE: Coast Wire & Plastic Tech

December 10, 2013 09:00 ET

David Ibanez Appointed COO of Coast Wire & Plastic Tech

Carson, CA-Based Manufacturer of Custom Electronic Wire and Cable Products for Multiple Industries Continues to Expand Management Team and Employee Head Count

CARSON, CA--(Marketwired - Dec 10, 2013) - Coast Wire & Plastic Tech LLC announced today that it has appointed David Ibanez to the role of Chief Operating Officer. 

Ibanez comes from San Diego-based Veridiam Incorporated. As Vice President of Operations for the El-Cajon business unit, he managed more than 175 employees and was responsible for sales, production, product engineering, quality and production control for this leading build-to-print contract manufacturer serving medical, nuclear, aerospace, dental and industrial markets.

"David's expertise in managing operations for a world-class manufacturing facility is going to be instrumental in supporting our continued growth," said Mark Vanderwoude, President and CEO of Coast Wire & Plastic Tech. "Our focus continues to be providing industry-best customer service to our clients while offering competitive pricing, extremely swift turnaround and quality products."

The Carson-based manufacturer of custom electronic wire and cable products for a variety of industries has also expanded its sales force recently, adding new territory managers in the Southeast, New England and the Mid-Atlantic regions in response to growing demand and the need to be in close proximity to customers in these regional markets. "Coast Wire and Plastic Tech is a distinguished supplier of custom wire and cables that range from 4/0 to 46 AWG gauge, in various configurations and metallurgy, that meet specific customer needs not available from traditional off-the-shelf suppliers or distributors. The company has significant experience, a strong customer-focused culture, and a wide range of capabilities. I am excited to join Coast and look forward to helping shape its future and driving its growth," said David Ibanez.

In addition to Ibanez' core responsibilities as COO, he will also focus on supervision of the sales force to expand Coast's market presence and coverage, and to drive top line growth.

In 2012, Coast Wire & Plastic Tech was one of five companies Nova Capital Management acquired in a single portfolio transaction. "Coast Wire & Plastic continues to grow aggressively thanks to their extremely loyal customer base who have come to rely on their exceptional ability to respond to inquiries, deliver specs and exceed expectations in quality and delivery," said Jan Kreminski of Nova Capital Management. "Bringing David on board strengthens their management team, enabling them to accelerate their growth without compromising the customer satisfaction and product integrity they are known for."

About Coast Wire & Plastic Tech

Carson-based Coast Wire & Plastic Tech., LLC, is a manufacturer of custom electronic wire and cable products for the medical, instrumentation, aerospace, industrial and commercial electronic industries. Products include all specialty bulk cable and coil cords from PVC to silicone. 

Recognized for exceptional customer service, flexibility and cost effectiveness, Coast Wire & Plastic does not have a minimum quantity or billing order.

About Nova Capital Management

Established in 2002, and with a 25+ strong team, Nova has acquired or taken over the management of portfolios of companies representing a total transactional value of over $1.7 billion. Nova currently manages investments in 29 businesses, primarily operating in Western Europe and North America, across a broad range of sectors, with offices in London and Chicago.

For additional information on Nova Capital Management please go to www.nova-cap.com

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