Russell-Stanley Holdings Inc. has expanded its plastic and steel drum business by merging with Hunter Drums Ltd. of Burlington, Ontario.
The late October purchase of the firm boosts Russell-Stanley's geographic base and will help it in its quest to be a global leader in industrial containers, said Norman Winkler, Russell-Stanley's plastic products manager.
About a month earlier, Russell-Stanley bought Container Management Services Inc., a Simpsonville, S.C., firm that specializes in industrial container supply management. CMS provides plastic drum and intermediate bulk container leasing, pickup, return logistics, cleaning and recycling services.
The recent purchases lift Red Bank, N.J.-based Russell-Stanley's annual sales to more than $200 million, the firm said in a Nov. 3 news release. Winkler estimates that plastic drums manufacturing and leasing account for more than half of the total.
Russell-Stanley blow molds polyethylene drums at eight U.S. locations. Hunter Drums blow molds plastic drums in Bramalea, Ontario, and makes steel drums at its Burlington facility. Winkler said the deal will allow his firm to consolidate product lines and save on freight costs.
Winkler said drum customers are going global and his firm wants to keep up with that trend. Russell-Stanley and Hunter Drums both supply drums to specialty chemical, lubricants and other processing industries.
Russell-Stanley and Hunter each license blow molding technology from Mauser International Packaging Institute of Bruehl, Germany. The institute is a worldwide network of packaging suppliers that supports customers in quality control and standards, environmental responsibility, regulatory issues and raw materials supply and quality.
Officials did not disclose terms of the Hunter purchase. Hunter Drums President Michael Hunter could not be reached for comment, but said in a news release that the merger will help Hunter Drums accelerate technological improvements and offer new services. The private firm was established in 1963.