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Announced

MPE Partners and Webster Industries to invest in Allor-Plesh Manufacturing.

Synopsis

MPE Partners, a private equity firm, and Webster Industries, a manufacturer of engineered class chain, engineered class sprockets, and vibratory equipment for material handling and power transmission applications, agreed to invest in Allor-Plesh Manufacturing, a provider of new replacement parts. Financial terms were not disclosed. "Allor is a great addition to Webster. Allor has a strong leadership team who has positioned the Company for continued commercial and operational success. We are thrilled about this strategic combination and working alongside Tony and the Allor team," Constantine Elefter, MPE Partner.

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