May 4, 2012 – It was announced today that Snyder Industries, a division of Tank Holding Company, a portfolio company of Olympus Partners, has acquired certain assets of Rotonics Manufacturing, a rotational plastic molding company.
Rotonics manufactures and distributes a product line that includes bins, buoys, fuel and hydraulic tanks, linen and laundry carts, oil recovery systems, pallets, pontoons, refuse containers and utility enclosures. In 2011 Rotonics generated revenue of approximately $40 million. The company is base in Commerce City, CO (www.rotodynamics.com).
Snyder Industries acquired the Rotonics facilities located in Bensenville, IL and Commerce City, CO, as well as the marketing and design operations in Indianapolis, IN. Snyder Industries is a manufacturer of polyethylene and steel material handling products. The company is headquartered in Lincoln, NE (www.snydernet.com).
Olympus Partners with $3 billion of capital under management provides equity capital for middle market management buyouts and for companies needing capital for expansion. Sectors of interest include: business services; transportation and logistics services; healthcare manufacturing and services; financial services; consumer and restaurant; and software and IT services. The firm is based in Stamford, CT (www.olympuspartners.com).
Amherst Partners acted as the exclusive investment banker to Rotonics Manufacturing. Founded in 1994, Amherst Partners is a middle market investment bank with offices in Birmingham and Ann Arbor, MI; Chicago, IL; and Columbus, OH (www.amherstpartners.com).