Charter Financial to acquire Wentworth Capital.NEW YORK--(BUSINESS WIRE)--Dec. 17, 1996-- Establishes Charter as Leading Equipment Financing Firm to Plastics Industry; Expands Wentworth's Existing Services Charter Financial Inc., a leading national equipment financing company, announced today that a definitive agreement has been reached for the acquisition of Wentworth Capital Corp., a premier provider of financing services to the plastics industry. Announcement of the agreement was made jointly by Alan A. Fischer, chairman of Charter Financial, and Samuel H. Smith
Born Feb. 4, 1940, in Salinas, California, Samuel H. Smith is president emeritus of Washington State University. III, president, and Thomas J. Allen Thomas J. Allen is the Howard W. Johnson Professor of Management at the MIT Sloan School of Management, and the co-director of the MIT Leaders For Manufacturing program. , executive vice president of Wentworth Capital. "Wentworth Capital is recognized as the financier of choice to the plastics marketplace. With over 20 years of lending experience in the plastics industry, and led by a nationally respected executive team, Wentworth brings us a wealth of financing and asset management expertise unmatched by any other firm," Fischer said. "By combining Wentworth's specialized knowledge of every major segment of the plastics industry with our own resources and institutional capabilities, we will materially strengthen and broaden the array of products and services we offer customers. "This association underscores our long-term commitment to the plastics market," he added, "and clearly positions the combined organization as the preeminent financial specialist for the industry." "Joining forces with an organization of Charter's extensive resources brings us to an entirely new level as a value-added lender," commented Sam Smith, Wentworth's president. "It will significantly increase the amount of capital we have available for our financing activities and expand the range of financial products and services we can provide to clients in every segment of the plastics industry." Wentworth Capital, which will continue to operate under its own name, provides a full range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to the plastics industry including equipment financing, vendor programs and merchant banking. Specializing in the financing of mid-market companies, Wentworth focuses on all segments of the plastics industry including injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. , extrusion, blow molding, structural foam, compounding, film processing, converting and recycling. Wentworth differentiates itself in the plastics market by providing financing for molds in addition to machinery. Additionally, the company has expertise in the financing of specialty packaging, machine tools, aircraft, printing and textiles. Wentworth Capital is headquartered in Portsmouth, New Hampshire Portsmouth, New Hampshire is a city in Rockingham County, New Hampshire in the United States of America. It is the fourth-largest community in the county[1], with a population of 20,784 as of the 2000 census. . Charter Financial Inc., the nation's fastest growing leasing company according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Monitor 100, specializes in capital equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
manufacturing industries npl → industries fpl de transformation . The investment firm of E.M. Warburg Pincus & Co. Inc., is a major institutional shareholder of Charter. CONTACT: Middleberg + Associates, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Susan Berliner/Maureen Landers 212/888-6610 pr@middleberg.com |
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