Sign up for the Powder & Bulk Solids Weekly newsletter.
Powder Bulk Solids Staff
February 16, 2021
2 Min Read
Image courtesy of Tank Holding
Spin designs and manufactures high-quality rotationally molded products with a special focus on custom molded products, including products for outdoor and sanitation applications.
“Spin and their valued long-term customer relationships compliments our growth strategy both in our core and adjacent markets, including expansion of our custom molding division,” said Greg Wade, CEO of Tank Holding. “The facility will also serve to provide additional manufacturing capacity in the southwest region. The acquisition bolsters opportunities to leverage our industry knowledge and expertise to create greater value for our customers,”
The Spin acquisition provides additional synergy opportunities with Tank Holding’s other recent acquisitions, Meese, RMI, and Dura-Cast, who are other major players in similar markets. These brands and product offerings provide the industry with a broad product portfolio and large footprint of manufacturing facilities. The transaction includes the operations of the facility located in Chino, CA.
“Tank Holding is the ideal partner to grow the Spin business and further increase our facility utilization,” said Paul Burlingham, president of Spin Products. “Their growth strategy will build upon our long term success and benefit both our customers and employees for the years to come,”
The Spin announcement represents Tank Holding’s 13th acquisition in the past two years, and further enhances the company’s capacity and far-reaching portfolio of products to serve a wide variety of end markets through a growing number of distribution channels.
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 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, RMI, and Dura-Cast, owned by Olympus Partners and the management team, currently operates 35 manufacturing plant locations and employs more than 1,000 people throughout North America, prior to the Spin acquisition.
About the Author(s)
You May Also Like
Take a Look Back at the 1998 DeBruce Grain Elevator ExplosionFeb 27, 2024
Kansas State University’s Bulk Solids Technology Center Moves LocationFeb 27, 2024|1 Min Read
Dust Explosions in 2023 Remain Flat YoYFeb 27, 2024|2 Min Read
2 Killed, 4 More Injured in Tire Facility ExplosionFeb 27, 2024|1 Min Read