Tank Holding makes Meese its 10th acquisition in 16 months

Madison’s Messe Inc. located at 1745 Cragmont Street.

Special to the Courier

Tank Holding, North America’s largest rotational molder, has acquired Meese Inc., which has rotational molding operations in Madison, Indiana and Ashtabula, Ohio, according to a statement released by the company.

“Meese represents an important part of Tank Holding’s overall growth strategy, which is to establish leading positions in markets that are adjacent to our legacy core business, where we can leverage our industry knowledge and expertise to create greater value for our customers,” said Greg Wade, CEO of Tank Holding.

Meese, 1745 Cragmont St., is a recognized leader in the design and manufacturing of bulk laundry and linen carts, material handling bins and containers, as well as a variety of other products including recycling bins and recreational products, the release said. The company formerly operated as MODRoto and Meese Orbitron Dunne.

The Meese acquisition also provides opportunities with one of Tank Holding’s other recent acquisitions, Chemtainer, which is another major player in the laundry linen, and broader material handling market. These two market leading brands and product offerings would provide the industry with the broadest product portfolio, from a larger footprint of manufacturing facilities

“Tank Holding is the ideal partner to help Meese achieve the team’s long-term growth objectives, and will enable the Tingue Brown organization to refocus our business on other strategic interests,” said David Tingue, CEO of Tingue Brown & Company, parent company to Meese Inc.

The Meese announcement is Tank Holding’s 10th acquisition in about 16 months, and further enhances the company’s portfolio of products to serve a wide variety of end markets through a growing number of distribution channels.

Besides being a world leader in the design and manufacturing of polyethylene tank and container products, Tank Holding also maintains major market positions with many other proprietary products, including intermediate bulk containers, insulated material handling bins, refuse containers, and specialty pallets.

Tank Holding, which includes the brands of Norwesco, Snyder Industries, Bonar Plastics, Bushman, Chemtainer and Stratis Pallets, owned by Olympus Partners and the management team, currently operates 34 manufacturing plant locations and employs approximately 850 people throughout North America, prior to the Meese acquisition.