South Central Inc. acquires Fibertech

South Central Inc., Evansville, Indiana, has entered into an agreement to acquire Fibertech Inc., a leading manufacturer of custom-engineered, rotational-molded plastic products including bulk containers, plastic pallets, plastic lockers and more for a variety of industries including agriculture, health care, hospitality, manufacturing, maritime, recreation and recycling.

The sale allows Bill Scott, founder of Fibertech, to retire and provides growth opportunities and stability for the business and its employees. 

“Bill wanted to find a good steward for Fibertech who shared similar values, care for employees and commitment to the community. South Central Inc. and the Engelbrecht family check all of the boxes,” said Brent Rasche, chief operating officer of Fibertech Inc.

This acquisition will further expand and diversify South Central’s portfolio of investments across multiple industries including real estate, addiction treatment and private debt. 

“South Central Inc. was founded on the belief that business is an honorable calling and we can make a difference in the world by helping talented teams build great companies,” said JP Engelbrecht, CEO of South Central Inc., who today has been named CEO of Fibertech. “Fibertech Inc. is a solid company with a history of successful operations. We are thrilled to help take this local business to the next level by investing in new production capacity, talent and technology.”

Since its inception in Elberfeld, Indiana in 1999, Fibertech has become one of the industry’s preeminent plastics solution companies with a team that produces cost-effective and durable, 100 percent virgin polyethylene plastic material handling equipment.