Aurora Capital Partners

2015

Industrial Container Services, LLC Acquires Parts Business and Intermediate Bulk Container Reconditioning Facilities of Stainlez, Inc. and Cropland, Inc.

MAITLAND, FL, NOV 12, 2015 – Industrial Container Services, LLC (ICS) of Maitland, FL announced today that it has completed the acquisitions of Cropland Containers, Inc., of Webster City, IA, and Stainlez, Inc., of Minneapolis, MN. The transaction includes all machinery, intellectual property, equipment and inventory utilized at the Cropland and Stainlez facilities.

“We are extremely pleased to announce that Cropland and Stainlez are now part of the ICS family. The acquisition provides Cropland and Stainlez customers with easy access to ICS’ national container supply and collection network, and brings ICS an entirely new yet synergistic product line. It also continues our diversification into new geographies and end-use markets. We welcome Brian Bilyeu and his team into the fold and look forward to their help in supporting our mission to provide customers nationwide with high-quality reconditioned packaging and newly-manufactured containers and accessories.” states Mr. Charles Veniez, President of ICS.

“Lavonne Parker and I founded Stainlez, Inc. and Cropland Containers, Inc., back in 2004.” said Brian Bilyeu, President of both companies. “We have a great success story and have earned an excellent reputation in the development of container parts and IBC processing. Becoming a part of the ICS team will allow us to continue expanding our vision and ideas, but on a much larger scale. We all look forward to the opportunities within ICS that will allow us to challenge ourselves and forge a new direction for the future of industrial containers.”

About ICS

ICS is the largest provider of reusable industrial container solutions in the United States. Through our multiple brands, we now operate 35 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