Manufacturing Industry
Wastequip buys No. 2 rotomolder.
Plastics News, April, 2007
Byline: Bill Bregar Wastequip Inc., which manufactures large metal waste containers and heavy-duty trash compactors, has diversified into plastics by purchasing Toter Inc., the second-largest rotational molder in North America. Wastequip, based in Beachwood, Ohio, announced the deal April 13.
Terms were not disclosed. Wastequip, which has been owned by a string of private equity firms, employs about 1,800 at 35 plants across the United States and Canada. Toter is much smaller. The firm employs 587 at three plants - the headquarters plant in Statesville, N.C., and two factories in Acuna, Mexico - but is a giant in the world of plastics rotomolding. Toter generated 2005 sales of $98.5 million, placing second behind only toy maker Step2 Co. in Plastics News'...
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