Private equity firm buys rotomolders Snyder Industries and Norwesco

Published: July 9, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Rotomolding

LOS ANGELES (July 9, 3:55 p.m. ET) — Rotational molders Snyder Industries Inc. and Norwesco Inc. have a new owner.

Los Angeles-based private equity group Leonard Green & Partners purchased the two companies — joined under the operating name Tank Holding Corp. in 2008 — from private equity company Olympus Partners of Stamford, Conn., for an undisclosed amount, the companies said in a July 9 news release.

Thomas O’Connell, the CEO of Snyder, and Norwesco CEO Tom Smith, are investors in the transaction and will continue to lead Tank Holding Corp.’s direction.

THC currently operates 24 manufacturing plants and employs 680 people throughout North America. The companies specialize in large polyethylene tanks for liquid and solid material storage, used in agricultural, industrial and marine industries. They also have specialized proprietary production in steel transportation containers, insulated material handling bins, wine storage and specialty pallets.

Earlier this year, Snyder Industries purchased two former Rotonics Manufacturing Inc. rotomolding plants, in Commerce City, Colo., and Bensenville, Ill.


Comments

Private equity firm buys rotomolders Snyder Industries and Norwesco

Published: July 9, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Rail improvements also allow rotomolder to improve operations

July 24, 2014 3:10 pm ET

An infrastructure improvement grant from the U.S. Commerce Department is helping an Indiana plastics plant expand its product line and add jobs.    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of bever...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events