Alba Enterprises gets new CEO; merges operations with ROI Group

Alba Enterprises (Torrance, CA) has long been known for its signature micro-molding machine Babyplast. Lesser known are the company’s Vega hydraulic cylinders, as well as a broad line of peripherals and mold components sold under the Alba brand. Now, it has expanded its product offerings by merging with ROI Group, founded by Rich Oles, who will serve as Alba Enterprises President and CEO. Alba is now jointly owned by Oles and former President John Dineen, who will serve as the company’s Chief Financial Officer.

Rich Oles
Alba Enterprises President and
CEO Rich Oles.

Oles, a 33-year veteran of the tooling, injection molding and hot runner industries, founded ROI Group in 2015 as an injection molding technical consulting service. Oles said that Alba now will also focus on client solutions and vendor relationships as it rolls the consulting business into its operations.

“Adding the technical service component to the products we sell already has made a big impact,” Oles told PlasticsToday. “Customers need support. Our consulting services include plant evaluation, project evaluation and technical support regarding materials, mold design, moldmaking and molding. It’s creating a new opportunity for me to share that knowledge so we can grow Alba’s extended technical ability and expand our reach.”

That extended capability is already being realized, Oles said. “Alba is currently creating a complete molding cell and offering program management. We sample the tool in the molding cell at Torrance, then ship the cell to the customer. We will also provide training for the customer’s employees. That’s brand new for us.”

Dineen commented that from the first time he met Oles in May 2015 at NPE, he was impressed with Oles’ knowledge. “Rich brings to Alba a keen intellect and decades of experience spanning all major injection molding disciplines; he is a gifted and nimble provider of client solutions. All of Alba’s various constituents should be very pleased by this move,” he added.

“I’m thrilled to be joining Alba Enterprises,” Oles said. “Alba already provides industry-leading products through our partnerships with manufacturers like Babyplast and Vega. These products, along with our own Alba-developed components and our Quick Knockout Couplers, are truly best in class. John and I share a common vision, and that is to drive this business to ever-improving levels of technical capability, service excellence and commercial growth.”

Comments (0)

Please log in or to post comments.
  • Oldest First
  • Newest First
Loading Comments...