Long-time industrial barrel supplier sells business
A Florida-based provider of reusable container solutions has acquired a long-time family owned business that reconditions and recycles industrial drums.
Marne-based DeWitt Barrels Inc. and DBI Recycling LLC have been acquired by Maitland, Florida-based Industrial Container Services LLC, effective last month.
Terms of the deal were not disclosed.
The acquisition of the company includes all of the machinery, equipment and inventory utilized at the two DeWitt facilities, and both businesses will become subsidiaries of Industrial Container Services LLC.
“The acquisition of DeWitt Barrels is yet another important step in our evolution as a full-service solutions provider,” said Charles Veniez, president and CEO of ICS. “With the addition of DeWitt’s Marne-based (intermediate bulk container) and poly drum capabilities to our already robust steel drum and distribution platform in the upper Midwest, we are now able to offer a full suite of products to this very important marketplace.”
Veniez said the companies’ employees will be retained.
“We are pleased to welcome the DeWitt employees into the ICS family and look forward to their help in supporting our mission to provide customers with the highest quality products, the most dependable service and the strictest environmental standards found anywhere in the industrial packaging industry,” he said.
Peter DeWitt, who is 71, said he and his brothers, Tim DeWitt and Michael DeWitt, will retire. His son, Jason DeWitt, will continue on with ICS.
“Along with my brothers Tim and Michael, I would like to thank all of our customers for their many years of support,” Peter DeWitt said. “Knowing that Jason DeWitt will remain with ICS as the facility manager of the Marne plant means that our long and proud family tradition will carry on under the ICS banner.”
DeWitt Barrels and DBI Recycling
Founded in 1893, DeWitt Barrels provided industrial containers, including drums and intermediate bulk containers.
The company reconditioned and sold steel, plastic and fiber drums of all sizes and totes and sold new drums and totes. Its affiliate DBI Recycling managed waste materials and recycling.
Industrial Container Solutions
Through multiple brands, ICS operates more than 50 facilities in 20 U.S. states and six Canadian provinces.
The company offers container management systems including reconditioning, manufacturing, distribution, used container collection and recycling services for all major industrial packagers.