Maitland, FL — Industrial Container Services, LLC (ICS) of Maitland, FL announced today that it has acquired the steel drum reconditioning, steel drum manufacturing and closure manufacturing business owned by brothers Ed and Bill Meyer of Chicago, IL. The agreement includes all of the machinery, equipment and inventory utilized at the purchased facilities. The companies will become operating entities of Industrial Container Services, LLC but will continue to operate using the Meyer Steel Drum and Meyer Industrial Container names.
“The Meyer businesses compliment the ICS portfolio in many interesting ways,” said Mr. Charles Veniez, President and CEO of ICS. “We have significantly furthered our recent entry into container manufacturing, vertically integrated our supply chain with the addition of the ring manufacturing business, and filled one of the few remaining gaps in our reconditioning portfolio. The addition of Bill and Ed’s Chicago operations into the ICS platform creates tremendous opportunity for our customers,employees and suppliers alike. We welcome all of the Meyer employees into the ICS family and look forward to their help in supporting our mission to provide customers with high quality industrial packaging solutions.”
“It has been a privilege and honor to service our customers in Chicago and the greater Midwest for 40 years,” said brothers Ed and Bill Meyer. “We are confident that the Meyer team will make a meaningful contribution to the ICS organization and continue to provide world-class products and services to our many loyal customers. We are also extremely pleased to be able to pair our team with the true professionals and industry leaders of ICS.”
ICS is the largest provider of reusable container solutions in North America. Through multiple brands, ICS operates over 50 strategically located facilities in 19 U.S. states and 6 Canadian provinces. ICS 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. ICS offers unparalleled expertise with over 100 years of experience in the industrial container space and is focused on anticipating customer needs and exceeding expectations. The company offers the most complete container management systems available including reconditioning, manufacturing, distribution, used container collection and recycling services for all major industrial packages.
For additional information contact:
Industrial Container Services, LLC
Mr. Kevin Breheny, Chief Financial Officer