HATFIELD, Pa., Sept. 30 /PRNewswire/ -- Jet Plastica Industries, a
portfolio company of MCG Capital Corporation (Nasdaq: MCGC), today
announced that its Board of Directors has selected Jeff DiPasquale as its
next Chief Executive Officer. Mr. DiPasquale brings to Jet more than twenty
years of experience in the plastic manufacturing business. Most recently,
Mr. DiPasquale served as Vice President and General Manager of Graham
Packaging's Personal Care and Specialty Products division where he was
responsible for operations of six manufacturing facilities in North
America.
Mr. DiPasquale has extensive manufacturing, supply management, product
development, and distribution experience. He successfully transformed
plastic packaging businesses by instituting manufacturing discipline and
developing a quality driven, customer focused mission. His previous work
experience included management positions at Graham Packaging,
Owens-Illinois, Continental PET Technologies, and Hunt-Wesson. Mr.
DiPasquale also served as an officer in the United States Marine Corps.
"I am very pleased to be joining a successful and dynamic organization
that focuses on best-in-class quality and customer service," Mr. DiPasquale
added. "I believe that my previous experiences in the rigid plastics
packaging industry translate to the food service sector and will enable me
to lead Jet in enhancing value for both our customers and stakeholders."
"We are excited to have a strong veteran of Jeff DiPasquale's caliber
and experience," said William Ford, a Director of Jet Plastica and Managing
Director of MCG Capital. "Jeff's extensive understanding of the plastics
industry coupled with his operational expertise and proven leadership
abilities will greatly benefit Jet as we move forward with growing our
business and providing a high level of service to our customers."
About Jet Plastica Industries, Inc.
Jet Plastica is a leading manufacturer of injection-molded disposable
plastic bulk cutlery, packaged cutlery kits, dinnerware and extruded
drinking straws. The Company services the quick service restaurant,
institutional foodservice, and paper distribution markets. Jet operates
manufacturing facilities in Hatfield, PA and Fowler, CA.
|
