Snyder, Precision IBC Join Forces


Snyder Industries has sold its intermediate bulk container rental fleet to Precision IBC as part of the companies newly formed strategic alliance, a teaming they believe will help them better respond to changing industry needs. Both companies supply containers used for lubricants and grease storage.

Under the alliance announced Oct. 3, Snyder will exit the rental portion of the IBC market, while Precision IBC will serve as an exclusive master distributor of Snyder IBC products. The partnership provides Precision IBC exclusive sales responsibility for Snyders stainless steel and polyethylene intermediate bulk containers in a defined territory.

Anthony Beard, president and chief executive officer of Precision IBC, said the bulk containers uses include storage of lubricants and greases. They have a couple different designs for that, and we have a couple of different customers that we service in the lube industry right now, Beard told Lube Report.

He said the two companies together have many years of experience both in stainless and poly bulk containers, which is something that can help each company respond better to market needs.

We feel like combining the two companies together to form a brain trust will enable us to be able to respond quicker to changes in the industry, whether its developing new products, new designs or changing an existing product or design, Beard said. We do feel like over time this strategic alliance will enable us to respond quicker to our customers than maybe we have been in the past, or maybe faster than any of our competition could.

The combination of Precisions service capabilities and Snyders manufacturing technology provides our customers with many more options in the procurement and service of top performing IBCs, said Tom OConnell, CEO of Snyder Industries.

Precision IBCs leasing and fleet management services provide liquid and dry bulk packaging for petrochemical, custom chemical, food, pharmaceutical and cosmetic industries. Based in Fairhope, Ala., the company has distribution facilities in Broussard, La., and in Fairhope, Ala. Lincoln, Neb.-based Snyder manufactures containers made of steel, plastic and composite material constructions for liquid, solid and dry handling applications.

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