Tank Holding Acquires Another Product Line and Plant Location
Tank Holding continues to implement an aggressive acquisition strategy, by announcing the recent additions of a new agricultural product line and a Canadian plant location. These recent acquisitions represent Tank Holding’s 6th and 7th acquisition over the past 15 months.
The new product line addition is “The Handler” chemical tank mixing system, which was just acquired from Polywest of Winnipeg, Canada. It is uniquely designed to facilitate the mixing and dispensing of agricultural chemicals into different types of tank equipment. The Handler is available in 20 different models and 4 sizes, ranging from 15 to 230 gallons.
In January, Tank Holding acquired another Canadian plant location from Acrylon Plastics in a separate transaction. The plant, which is located in Saskatoon, Canada, houses 2 rotational molding machines, and will be utilized to manufacture a variety of products to better serve customers in the surrounding region.
“Both of these acquisitions continue to align with our strategic growth plans, but more importantly though they add value to our existing customer base. The exciting Handler product line will now be available through our entire distribution network. The Saskatoon plant location will enable us to expand our footprint for select products deemed strategic in this geographic area,” said Greg Wade, CEO of Tank Holding.
Besides being a world leader in the design and manufacturing of polyethylene tank and container products, Tank Holding also maintains major market positions with many other proprietary products, including steel intermediate bulk containers, and material handling products such as bins both insulated and non-insulated, laundry carts, refuse containers, and specialty pallets, to name a few.
Tank Holding, which also includes the brands of Norwesco, Snyder Industries, Chemtainer, Bonar Plastics, Bushman, and Stratis Pallets, is owned by Olympus Partners and the management team, and currently operates 24 manufacturing plant locations and employs approximately 750 people throughout North America.
Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for growing companies. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, food services, consumer products, healthcare services, financial services, industrial services and manufacturing.