[ID] => 9474
[post_author] => 288
[post_date] => 2018-04-16 08:43:28
[post_date_gmt] => 2018-04-16 07:43:28
[post_content] => Florida-headquartered Industrial Container Services (ICS) has acquired the intermediate bulk container (IBC) reconditioning and recycling operations of Tote Detailing Specialists (TDSI). The acquisition, the company's 12th since January 2015, includes all of the machinery, equipment and inventory utilised at TDSI's plants in Joliet, Illinois and San Antonio, Texas, with the acquired business now set to become an ICS operating entity.
"The acquisition of Tote Detailing is yet another example of ICS's commitment to our fast-growing IBC platform," says ICS president and CEO Charles Veniez. "With TDSI as part of our team, we are now firmly ensconced in the robust Chicago industrial market and the booming Texas oil patch. Combined with the full ICS product and service portfolio, this will create real opportunity for our customers, shareholders and employees alike."
"I am excited to announce the merger of Tote Detailing into the ICS group of companies," adds TDSI president and CEO Brad Noyes. "When it came time to choose the best partner for TDSI, our customers and our employees, ICS was clearly the best fit. I would like to thank everyone at both TDSI locations, as well as our valued customers for their many years of support, knowing they are in good hands going forward. I look forward to helping transition the business over to ICS."
BIG STEP FORWARD
The news comes hot on the heels of ICS's acquisition of Next Day Container's IBC reconditioning and recycling operations in Delphi, Indiana. Describing the acquisition of Next Day as "a big step forward" for ICS's IBC business, Veniez states: "Their central location and brand-new high-speed production line, combined with the full ICS product and service portfolio, will provide great opportunities for our customers while opening up new markets for ICS. We are pleased to welcome [Next Day president and CEO] Ken Mushen and his team into the ICS family and look forward to their help in supporting our mission to provide customers with the highest quality products and the most dependable service, all while adhering to the strictest environmental standards found anywhere in the industrial packaging industry."
"Along with my partners Mark and Steve, we would like to thank all of our customers for their many years of support," Mushen says. "I look forward to continuing on as the facility manager for the Delphi plant and making sure our customers always get the high-quality products and excellent customer service they are accustomed to."
DRUMS IN DAYTON
But it's not just IBCs that have been catching ICS's eyes of late, with the company this past December also acquiring the steel drum reconditioning and container distribution business of Ohio-based Dayton Industrial Drum. The purchased machinery, equipment and inventory, ICS reports, will now be used "at various ICS locations while the business itself will be managed by Questar Solutions", an existing ICS operating entity. "While Questar has grown organically and by expanding into new geographies, the Dayton Industrial Drum purchase marks the first acquisition-based expansion of our Questar business unit," Veniez reports.
"The integration of Dayton's capabilities into the existing Questar and ICS infrastructure brings opportunity for their customers and ours, our suppliers and our shareholders," he adds. "We are pleased that [erstwhile owners] the Hussong family chose ICS as their exit-strategy partner as they move on to the next phase of their lives. We wish them the best and congratulate them on a job well done for over 40 years."
"On behalf of Dayton Industrial Drum, we would like to take this opportunity to thank our customers for their continued support and loyalty," says Kylene Hussong. "It has been an honour for us to carry on the family business for the past 45 years. My grandfather, William J Hussong, would have been very proud of what we have accomplished. The sale to ICS assures our customers will continue to receive the quality of products and customer service which they have come to expect from Dayton Industrial Drum."
NORTH AMERICAN NETWORK
Describing itself as "the largest provider of reusable container solutions in North America", ICS operates multiple brands and a network of more than 50 strategically located facilities across 21 US states and six Canadian provinces. As such, the company "is well-positioned to service local, regional and North American customers alike and strives to be the supplier of choice for high-quality, environmentally responsible container solutions". Moreover, ICS offers “the most complete container management systems available, including reconditioning, manufacturing, distribution, used container collection and recycling services" for all major industrial packaging types, including steel, plastics and fibre drums.
Recycling around 20,000 tonnes of steel per annum and employing a staff of more than 1,700, ICS is owned by New York-based private equity firm Centerbridge Partners. "ICS has become the largest reconditioner in North America by way of an aggressive, strategically sound acquisition plan starting in 2002 when management and investors purchased the company from IFCO Systems, formerly known as PalEx Industrial Container Services. We have consistently grown the business since then," ICS states.
[post_title] => ICS: Triple whammy
[post_status] => publish
[comment_status] => open
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[post_name] => ics-triple-whammy
[post_modified] => 2018-04-27 14:08:03
[post_modified_gmt] => 2018-04-27 13:08:03
[post_parent] => 0
[guid] => https://www.hcblive.com/?p=9474
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