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 ·

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!

Article Topics

Packaging · Pallets · Snyder Industries · · All Topics
Latest Whitepaper
Download: Material Handling Technology Survey Results
Readers are buying and replacing warehousing and distribution center software, but not before they do their own homework.
Download Today!
From the July 2017 Modern Materials Handling Issue
Shuttle and case dispensing technologies help Southern Glazer’s Wine & Spirits keep up with demand in one of the most competitive markets in the country.
Southern Glazer’s Wine & Spirits: Designed to Last
Automation: What’s at the heart of your system?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Warehouse Execution Systems (WES): The Pathway to Same-Day Fulfillment
This webinar explores the processes and technologies enabling same-day, same-hour order fulfillment using intelligent supply chain software.
Register Today!
EDITORS' PICKS
Southern Glazer’s Wine & Spirits: Designed to Last
On Long Island, the country’s premier distributor of wine and spirits turned to shuttle and case...
GE Healthcare System Report: Lean repairs
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new...

Materials Handling Innovation (and why it matters)
Every company considers itself an innovator. It’s time to include materials handling leaders in...
Thrive Market’s Startup Distribution Network
How does a fastgrowing, e-commerce startup company build out order fulfillment capabilities? Thrive...