Snyder Industries, a manufacturer of polyethylene tanks and containers for the storage, transportation and processing of bulk materials, announced Tuesday its acquisition of the Asset Tank divisions of Clawson Container Co.
The terms of the acquisition were not disclosed.
The Asset Tank divisions, located in Mancelona, Mich., produce steel intermediate bulk containers (IBCs), as well as related rental tank fleets. Clawson Container, headquartered in Clarkston, Mich., will retain its blow-molded IBC manufacturing plants and related business units, which includes IBC North America and Clean Tide Container.
The acquisition will allow Snyder Industries, headquartered in Lincoln, Neb., to add stainless and carbon steel IBCs to its polyethylene line of IBC products.
