DeKALB Molded Plastics, Butler, Indiana, which specializes in molding various grades of engineered and commodity resins, has recently announced its move to the next generation of ownership, with Rick Walters and Douglas (Doug) Bonecutter continuing as president and vice president respectively.
Jeffrey Rodgers joined the company as president in 1990, and in 1997, Rodgers and Walters purchased the company from parent JSJ Corporation. Rodgers continued to lead the company as president and CEO until 2007. After lessening his daily involvement in the company, Rodgers remained chairman of the board of directors while Walters assumed the position of president.
Under Rodgers’ leadership, DeKALB prioritized employees while encouraging everyone to engage in the business. DeKALB strived to always be a supporting leader in the community and a respected representative of the structural plastics industry. Walters and Bonecutter will continue to follow that example as the foundation for success.
Walters has been with DeKALB since its inception in 1978, and Bonecutter joined the team in 2017. Walters will continue as the president and CEO, and Bonecutter now will serve as the vice president. DeKALB currently employs 75 people in Butler, Indiana.
DeKALB was assisted in the transaction by two long-term supporting partners, Charles Heiny of Haller Colvin, PC, who served as legal counsel for the transaction and CPA firm Baden, Gage, & Schroder providing financial and consulting support.
For more information, visit www.dekalbplastics.com.