US-based Industrial Container Services (ICS) has purchased the steel drum reconditioning and container distribution business of Dayton Industrial Drum for an undisclosed sum.
The deal included the acquisition of Dayton’s machinery, equipment and inventory, which can be used at different ICS locations.
Dayton Industrial Drum provides a range of industrial packaging and container products for various applications.
The company produces UN/DOT specification drums and complete line of parts, tools, equipment, liners, and accessories for drum handling usage.
Dayton’s product portfolio includes new and reconditioned steel, plastic and fiber drums, new pails, and new, re-bottled and reconditioned totes.
The firm produces UN-approved plastic drums by using high molecular-weight and high-density polyethylene resin. They can be used to carry hazardous and non-hazardous chemical products.
The acquired business will be monitored by ICS’ existing operating entity Questar Solutions.
ICS president and CEO Charles Veniez said: “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.”
“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.”
In October this year, ICS acquired has acquired the steel drum reconditioning and recycling operations of Dewitt Barrels and DBI Recycling.
As part of the deal, ICS purchased all of the machinery, equipment and inventory of both operations.
ICS offers reusable container solutions to the customers in North America. The company manages more than 50 facilities in 21 US states and six Canadian provinces.
The firm provides container management services, including reconditioning, manufacturing, distribution, used container collection and recycling services for major industrial packages.
Image: Industrial Container Services has acquired Dayton Industrial Drum. Photo: courtesy of adamr / FreeDigitalPhotos.net.