Tank Holding continues platform expansion with Spin Products purchase plasticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plasticsnews.com Daily Mail and Mail on Sunday newspapers.
The financial terms of the deal have not been disclosed.
Dura-Cast designs and manufactures proprietary products in bulk storage tanks, bulk laundry and linen carts, material handling bins and containers, refuse and recycling, as well as a variety of other products including marine and custom products.
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“Dura-Cast augments an important part of Tank Holding’s overall growth strategy, which is to strengthen our core tank business while enhancing leading positions in adjacent markets, where we can leverage our industry knowledge and expertise to create greater value for our customers,” Tank Holdings CEO Greg Wade said in a Feb. 8 press release. “It also provides additional regional capacity for the southeast markets.”
Tank Holding has acquired Florida-based rotational molder Dura-Cast Products Inc.
Tank Holding, North America’s largest rotational molder, has acquired Florida-based rotational molder Dura-Cast Products Inc.
Dura-Cast designs and manufactures proprietary products in bulk storage tanks, bulk laundry and linen carts, material handling bins and containers, refuse and recycling, as well as a variety of other products including marine and custom products.
“Dura-Cast augments an important part of Tank Holding’s overall growth strategy, which is to strengthen our core tank business while enhancing leading positions in adjacent markets, where we can leverage our industry knowledge and expertise to create greater value for our customers. It also provides additional regional capacity for the southeast markets,” said Greg Wade, CEO of Tank Holding.
Tank Holding buys Dura-Cast, continuing growth plan
Dura-Cast Inc.
Tank Holdings Corp. s acquisition of Dura-Cast Inc. of Lake Wales, Fla., is the 12th acquisition by the company in two years.
North America s largest rotational molding company, Tank Holding Corp., has purchased Florida-based rotational molder Dura-Cast Products Inc., effective Feb. 8. Dura-Cast augments an important part of Tank Holding s overall growth strategy, which is to strengthen our core tank business while enhancing leading positions in adjacent markets, where we can leverage our industry knowledge and expertise to create greater value for our customers, Greg Wade, CEO of Tank Holding, said in a Feb. 8 news release. It also provides additional regional capacity for the Southeast markets.
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