Aurora Capital Partners

2015

Industrial Container Services, LLC Acquires IBC and Steel Drum Reconditioning Facilities, Distribution Center from Twin City Container, Inc. in Minneapolis-St. Paul, MN

MAITLAND, FL, DEC 4, 2015 – Industrial Container Services, LLC (ICS) of Maitland, FL announced today that it has completed the acquisition of the Minneapolis/St. Paul-based businesses of Twin City Container, Inc. (TCC). The transaction includes all of the reconditioning machinery, intellectual property, other equipment and inventory utilized at the TCC IBC reconditioning facility in Cannon Falls, as well as the steel drum reconditioning plant and distribution center in Hastings.

“ICS is proud to welcome Brad Malecha, David Then and their team into the ICS group of companies,” said Charles Veniez, President of ICS. “Their outstanding operations dovetail wonderfully with our existing facilities in the area, and present ICS with a unique opportunity to provide a full array of products and services to this vibrant market. This is truly a win/win for both companies and for our customers in the Midwest.”

Twin City Container, Inc. is the second acquisition by ICS in the Minneapolis-St. Paul area in as many months. ICS is now the largest provider of reconditioning and related products and services in Minnesota.

Brad Malecha, President and CEO of TCC, said “We are certainly proud of the business that the TCC Team has built over the past 20 years. Quality, service, and environmental stewardship have been the cornerstones of our business and have allowed us to serve our valued customers with highest standards in the reconditioning industry. Joining the nationally renowned ICS reconditioning team and its expansive network will allow us to maintain the core values that we built our business on, while enabling us to expand products, services, and geographic reach for our customers in ways that we could not before."

About ICS

ICS is the largest provider of reusable container solutions in the United States. Through our multiple brands, we now operate 36 strategically located facilities in 19 states. ICS is well positioned to service local, regional and national customers alike, and strives to be the supplier of choice for high quality, environmentally responsible container solutions. The Company offers unparalleled expertise with over 100 years’ 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 most major industrial packages.

Carlin Sewell