Tank Holding Corp.

What Tank Holding Corp. does

Tank Holding Corp. is a private, North America-based industrial manufacturer of rotationally molded polyethylene and welded steel bulk storage and material handling products, formed in 2008 when Olympus Partners merged Norwesco (founded 1939) and Snyder Industries (founded 1957). The company operates over 40 manufacturing facilities across the United States, Canada, and Mexico and is described as North America's largest rotational molder, with a product spectrum ranging from 5-gallon to 20,000+ gallon tanks. Its portfolio is delivered through eight retained sub-brands (Norwesco, Snyder Industries, Bonar Plastics, Bushman, Chem-Tainer, Meese, Stratis Pallets, Snyder Refuse, and Dutchland Plastics), each serving distinct verticals including agriculture, industrial chemical, water and wastewater, material handling, refuse and recycling, food and beverage, pharmaceutical, paints and coatings, oil and gas, and printing and packaging.

The company's core manufacturing technology is rotational molding, with proprietary crosslink polyethylene tank technology dating to 1971 and a recent differentiated offering in the all-polyethylene CageBuster IBC tote (wall thickness 3x greater than caged IBCs, 100% recyclable, 30-month certification). Tank Holding's products carry ASTM, DOT, FDA, ISO, and NSF-61 certifications across its plants, supporting regulated applications in chemical storage, drinking water, and food contact. The business model is B2B industrial hardware sales: products are sold direct to industrial and commercial buyers through brand-specific websites, direct sales inquiries, and 7 FOB shipping points (for Snyder Refuse), with no disclosed pricing transparency and no software or subscription revenue stream.

Olympus Partners, a Stamford, CT-based private equity firm, re-acquired Tank Holding in 2019 after a 2012-2019 holding period by Leonard Green Partners, and continues to own the company alongside management led by President and CEO Greg Wade (appointed 2018) and CFO Sharon Schindel. The company has executed programmatic M&A (WRP Containers, Poly-Mart in 2019; consolidation into Snyder Refuse in 2022) and sustained product launches (CageBuster IBC 2019, 10,000-gallon below-ground tank 2020, multiple DCT and Payloader IBC introductions 2018-2020), indicating an active buy-and-build strategy under PE ownership.

Name

Tank Holding Corp.

Legal name

Tank Holding Corp.

Website

https://tankholding.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tank Holding Corp. is North America's largest rotational molder, manufacturing polyethylene and welded steel bulk storage tanks (5 to 20,000+ gallons), IBC totes, material handling products, and refuse containers sold B2B across agriculture, chemical, water/wastewater, and industrial verticals via eight sub-brands including Norwesco and Snyder Industries.

Ownership category

akta.pro rank

Product category

Industrial Bulk Storage Tanks

NAICS

Metal Tank (Heavy Gauge) Manufacturing (332420), Boiler, Tank, and Shipping Container Manufacturing (3324)

SIC

Metal Shipping Barrels, Drums, Kegs & Pails (3412)

akta.pro primary industry

Blow-Molded Tanks & Reservoirs (Water, Fuel, Chemical) (IMANAGAG)

akta.pro secondary industries

Blow-Molded Industrial Containers & Crates (Non-packaging) (IMANAGAF), Industrial & Chemical Rigid Plastic Packaging (Drums, Pails, Jerrycans) (IMALAAAG), Hazardous Materials & UN-Certified Transport Packaging (Dangerous Goods Packaging) (IMALAFAK)

Keywords

• Rotational molding
• Bulk storage tanks
• Material handling products
• IBC totes
• Polyethylene tanks

Headquarters

HQ city

Saint Bonifacius

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Bulk Storage Tank Sales: Sale of rotationally molded polyethylene tanks and welded steel bulk storage products ranging from 5 gallon to 20,000+ gallons for various industrial applications
2. IBC Tote Sales: Sale of plastic, steel, and composite intermediate bulk containers (IBC totes) for chemical and food applications
3. Material Handling Product Sales: Sale of material handling products including bins, boxes, carts, pallets, and refuse containers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Tank Holding Corp. manufactures and sells rotationally molded polyethylene tanks and welded steel bulk storage and material handling products ranging from 5 gallons to over 20,000 gallons. Products include above ground storage tanks, below ground septic/cistern tanks, intermediate bulk container (IBC) totes, double wall/dual containment tanks, bins, carts, pallets, and refuse containers, sold under multiple sub-brands including Norwesco, Snyder Industries, Bonar, Bushman, Chem-Tainer, Meese, Stratis, Dutchland, and Snyder Refuse to industrial customers across agriculture, chemical, water/wastewater, and material handling markets.

Product overview

Tank Holding Corp. is North America's largest rotational molder offering a portfolio of bulk storage and material handling products through multiple sub-brands. The product portfolio spans tanks ranging from 5 gallons to 20,000+ gallons, including Norwesco (liquid storage tanks for agriculture, water, and wastewater), Snyder Industries (bulk chemical storage tanks and IBC totes), Bonar Plastics (bins, boxes, insulated containers, IBC totes), Bushman (rainwater harvesting and water storage tanks), Chem-Tainer (storage tanks and carts), Meese (laundry and linen transport products), Stratis Pallets (plastic pallets for various industries), and Snyder Refuse (refuse and recycling containers). Core product categories include agriculture storage tanks, IBC totes (plastic, steel, composite), water and wastewater tanks, material handling products, industrial bulk tanks, and refuse containers. The company holds ASTM, DOT, FDA, and ISO certifications for manufacturing.

Differentiator

Problem solved

Functional benefit

Brands

• Norwesco: Liquid storage tanks for agriculture, water and wastewater applications complemented by a full line of tank accessories.
• Snyder Industries
• Bonar Plastics
• Bushman
• Chem-Tainer
• Meese
• Stratis Pallets
• Snyder Refuse
• Dutchland Plastics

Products and services

• Agriculture Storage Tanks

Quantifiable outcome

• CageBuster IBC provides over 50% cost savings over the useful life compared to traditional caged IBC totes
• +2 more outcomes

Segments13 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Poly Processing Company: Poly Processing manufactures rotationally molded polyethylene tanks primarily for chemical storage and water treatment, directly competing with Tank Holding's Snyder Industries, Norwesco, and Chem-Tainer product lines across the same industrial chemical and water/wastewater verticals.
• Assmann Corporation: Assmann produces blow-molded and rotational-molded polyethylene storage tanks and IBCs for chemical and industrial customers, directly overlapping with Tank Holding's bulk tank and intermediate bulk container offerings in the same North American industrial channel.
• Toter (Wastequip): Toter is a leading rotationally molded refuse and recycling container brand owned by Wastequip, directly competing with Tank Holding's Snyder Refuse line for municipal and commercial waste-hauler customers across North America.
• Schutz Container Systems: Schutz is a global manufacturer of IBCs and industrial packaging with strong North American presence; it directly competes with Tank Holding's Snyder Industries and Bonar Plastics IBC tote lines in chemical and food-grade intermediate bulk container markets.
• Hoover Ferguson: Hoover Ferguson is a leading provider of IBC totes, tank containers, and intermediate bulk containers serving chemical and food customers, directly competing with Tank Holding's Snyder Industries and Bonar Plastics IBC tote offerings.
• PolyJohn Enterprises: PolyJohn is a rotational molder producing portable sanitation units, water tanks, and holding tanks, overlapping with Tank Holding's Norwesco and Snyder Industries water/wastewater and portable containment lines in North America.
• Russell-Stanley: Russell-Stanley manufactures intermediate bulk containers (IBCs) and bulk liquid containers for chemical, food, and industrial customers, directly competing with Tank Holding's Snyder Industries and Bonar Plastics IBC tote product lines.

Broad incumbents

• Mauser Packaging Solutions: Mauser is a global industrial packaging incumbent offering steel and plastic drums, IBCs, reconditioning, and bulk containers; it overlaps with Tank Holding's Snyder Industries IBC and Clawson Container steel IBC lines as a much larger, broader-portfolio competitor.
• Greif Inc. Greif is a publicly traded global industrial packaging giant producing steel, plastic, and fibre drums, IBCs, and containerboard; it competes with Tank Holding across IBC, drum, and bulk container end markets as a broad incumbent rather than a rotational-molding specialist.

Regional players

• Rotoplas: Rotoplas is a leading Latin American manufacturer of rotationally molded plastic tanks for water storage, irrigation, and sanitation, geographically focused on Mexico and South America — a regional comp to Tank Holding's Norwesco and Bushman water storage product lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tank-holding-corp

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tank Holding Corp.