Tank Holding Acquires Dutchland Plastics, LLC
Tank Holding, North America’s largest rotational molder, has acquired Wisconsin based rotational molder Dutchland Plastics, LLC. from A&M Capital Opportunities Fund. Dutchland manufactures a variety of high volume rotationally molded products serving the recreational, commercial, outdoor, food and beverage, furniture and marine industries. Products such as kayaks, coolers, playground equipment, furniture and more are designed, manufactured, assembled, and shipped utilizing turnkey solutions and services.
“Dutchland brings significant volume and capacity to our rotational molding platform. They have valuable long-term customer relationships and strengthens an important part of Tank Holding’s overall growth strategy. The two manufacturing facilities located in Oostburg, WI and Canastota, NY complement the locations of our other facilities, which provides customers more options to optimize capability, capacity, and logistics. So, they continue to leverage our overall industry knowledge and expertise to create the best value for our customers,” said Greg Wade, CEO of Tank Holding.
The Dutchland acquisition provides additional synergy opportunities with several of Tank Holding’s recent acquisitions, including six last year, which were a combination of custom molding and proprietary products. Together, these market leading brands and capabilities provide the industry with the broadest product portfolio and the largest footprint of manufacturing facilities and capacity in the industry.
“Dutchland is a premier rotational molding company with great people and a great reputation. With Tank Holding’s resources and strategy to continually invest in custom rotational molding, it became clear that we are aligned well to accelerate growth and expand this market,” said Raka Rao, CEO of Dutchland.
The Dutchland announcement represents Tank Holding’s 17th acquisition in the past three years and further enhances the company’s penetration into custom molding.
In addition to 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 intermediate bulk containers, insulated material handling bins, laundry and linen carts, refuse containers, specialty pallets and custom products.
Tank Holding, which includes the brands of Norwesco, Snyder Industries, Bonar Plastics, Bushman, Chem-tainer, Meese, Stratis Pallets, and Dura-Cast, owned by Olympus Partners and the management team, currently operates 39 manufacturing plant locations and employs over 1,500 people throughout North America, prior to the Dutchland acquisition.