South Central Inc. Acquires Fibertech

Posted July 8, 2021 at 6:09 pm




South Central Inc., a 75-year-old, family-owned company based in Evansville, IN, recently announced that it entered into an agreement to acquire TRSA supplier partner member Fibertech Inc., a manufacturer of custom-engineered, rotational-molded plastic products including bulk containers, plastic pallets, plastic lockers and more for a variety of industries, according to a news release.

The sale allows Bill Scott, the founder of Fibertech, to retire and provides growth opportunities and stability for the business and its employees, the release noted. “Bill wanted to find a good steward for Fibertech who shared similar values, care for employees and commitment to the community,” said Brent Rasche, COO of Fibertech. “South Central Inc. and the Engelbrecht family check all of the boxes.”

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, South Central Inc. CEO, 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.”

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