ICE Service Group, through its packaging group ICE Packaging Company (ICE), has acquired Strategic Packaging Systems (SPS), which is based in the US state of Tennessee.
Established in 2009, SPS designs, manufactures and distributes soft sided packages and railcar liner systems for the nuclear and environmental markets operating under an ASME NQA-1 2015 quality assurance program.
The deal included an 80,000ft² manufacturing plant in Madisonville, Tennessee, adjoining property. It also includes the entire manufacturing equipment, patents and inventory.
ICE CFO Gus Chirgott said: "The acquisition of SPS is an excellent opportunity for SPS, ICE and our customers.
“The acquisition gives both firms additional resources and capabilities that naturally complement each company. We've been working with Al Beale the founder of SPS for over twenty years, dating back to his time when he owned Transport Plastics, Inc. (TPI); we're looking forward to working with him as we plan the next phase of growth for the company."
ICE is engaged in the packaging, transportation and logistical management of radioactive and hazardous materials, difficult and sensitive materials, and heavy and over-dimensional equipment.
ICE and their principals have managed the handling, packaging, and transportation of more than 15 million tons of material for both commercial and government customers.