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

The company's third robotics production facility will serve North America, where the United States is ABB's largest market with $7.5 billion in sales.

This white paper outlines significant challenges facing businesses today and discusses how they can be addressed through more effective materials handling processes and equipment.

PMMI study examines packaging challenges prompted by growing U.S. e-commerce market.

Supply chain solutions provider extends omni-channel suite with leading North American eCommerce platform serving manufacturers, distributors and retailers.

During this webcast Chuck Lew, Director of Logistics shares how Newegg.com was able to turn the distribution facility with the lowest productivity into one of the highest. He'll discuss how leveraging voice-directed picking with their existing investments in light-directed picking, scanning and RF technology was the key to their success.

Article Topics

News · Packaging · Pallets · Snyder Industries · All topics


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA