Subscribe to our free, weekly email newsletter!


Packaging: Snyder to acquire Rotonics

Snyder Industries, a division of Tank Holding Company and a leading manufacturer of polyethylene and steel material handling products, signed a letter of intent to acquire the ongoing Rotonics Manufacturing facilities located in Bensenville, Ill., and Commerce City, Colo., as well as the marketing and design operations in Indianapolis, Ind.
By Modern Materials Handling Staff
February 29, 2012

Snyder Industries, a division of Tank Holding Company and a leading manufacturer of polyethylene and steel material handling products, signed a letter of intent to acquire the ongoing Rotonics Manufacturing facilities located in Bensenville, Ill., and Commerce City, Colo., as well as the marketing and design operations in Indianapolis, Ind. Rotonics produces a variety of proprietary plastic products, including pallets, material handling bins, marine floatation devices, and medical waste containers.

The details of the proposed transaction are subject to the negotiation and closing of a binding asset purchase agreement, which is expected to be finalized on March 9, 2012. Snyder Industries will then take control of all inventories, accounts receivables, work in progress and ongoing customer delivery requirements for all three locations.

Thomas O’Connell, President and CEO of Snyder Industries, said, “The addition of the Rotonics employees and customers to the Snyder family will provide a stable platform for growth. Rotonics is a good fit with our strategic focus and existing product lines. In addition, Rotonics also provides entry into new markets, which will substantially expand our company’s growth opportunities in the broader material handling industries. As Snyder moves forward it is our objective to provide a smooth transition for Rotonic’s employees and an uninterrupted supply of products and services to our customers.”

Snyder Industries is a subsidiary of Tank Holding Company. Tank Holding Company is privately owned by management and Olympus Partners, a Stamford, Conn., based private
equity firm, specializing in middle market manufacturing, distribution, and service business investments.

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Movie intended to engage manufacturing employers and workers, legislators, educational facilities, reporters and even consumers.

New Women in Manufacturing Group’s survey results released ahead of Manufacturing Day.

New version of pallet and unit load design software now includes block pallet design and analysis

Even though some of its key metrics dropped sequentially from August to September, the outlook for manufacturing over all remains strong, according to the most recent edition of the Manufacturing Report on Business issued today by the Institute for Supply Management (ISM).

Former senior vice president, CIO for CHEP brings 30 years of experience in global supply chains and information technology.

Article Topics

News · Packaging · Pallets · Snyder Industries · All topics


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA