SOURCE: Wescon

December 12, 2013 09:00 ET

Michael "Shane" Milledge Named CEO of Wescon Plastics LLC

Rubbermaid Vet Replaces Founder Bill Todd Who Retires After 22 Years at the Helm of Manufacturer of Custom Plastic-Injection Molded Parts

WICHITA, KS--(Marketwired - Dec 12, 2013) - Wescon Plastics announced today that it has appointed Michael "Shane" Milledge to the role of CEO, succeeding Bill Todd after nearly 40 years with Wescon Products.

Milledge is a veteran of the plastics industry, holding various roles at Newell Rubbermaid in both management as well as technical capacities. Prior to assuming the role of chief executive officer, Milledge held the role of Chief Operating Officer at Wescon Plastics, solidifying customer relationships while working closely with them on product design and product resolution. Milledge launched his career at Techniplas, an injection molder in Ankeny, Iowa, and also worked at Polaris Industries as a Plastics Engineer and Dickten Masch Plastics as Engineering and Tooling Manager.

"Shane is already a part of the Wescon family, and his dedication to quality, cost and delivery, with customer satisfaction being paramount, will continue to serve our clients and employees well," said Bill Todd. "His vision for Wescon is consistent with our company's ideals. He's the perfect leader."

"Wescon Plastics LLC is a strong company with a dynamic future thanks to the foundation built by Bill Todd," said Shane Milledge, new CEO. "Under Bill's guidance, Wescon has enjoyed substantial growth while enhancing relationships with employees, suppliers and customers."

In 2012, Wescon Plastics was one of five companies Nova Capital Management acquired in a single portfolio transaction. "We're confident that Wescon Plastics will continue to prosper under the guidance of Shane," said Jan Kreminski of Nova Capital Management. "In addition, we're looking forward to continued acceleration and augmentation of this company, whether it be through expansion and organic growth or inorganically through acquisitions that make sense and align with Wescon's objectives."

About Wescon Plastics
Wescon Plastics LLC manufactures custom injection-molded plastic parts for the battery and heavy-duty truck industries. The company is based in Wichita, Kansas.

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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