Tank Holding acquires Spin Products

From Tank Holding continues platform expansion with Spin Products purchase (Plastics News)

North America’s largest rotational molding company, Tank Holding Corp., has purchased Chino, Calif.-based rotational molder Spin Products Inc. This follows their acquisition of Dura-Cast Products announced last week and Rotational Molding Inc. announced in January.

“Spin and their valued long term customer relationships compliments our growth strategy both in our core and adjacent markets, including expansion of our custom molding division,” said Greg Wade, CEO of Tank Holding.

Owned by private equity firm Olympus Partners, Tank Holding includes the brands of Norwesco, Snyder Industries, Bonar Plastics, Bushman, Chem-tainer, Meese, Snyder Industries, Stratis Pallets, RMI and Dura-Cast.

Plastics News reports on January resin prices

From Price hikes bring resin buyers a less than happy new year in January (Plastics News):

Plastics News

“North American polypropylene prices surged an average of 13 cents per pound in January, after jumping 14 cents in December. That two-month total of 27 cents in increases has led some processors to issue price surcharges on PP-finished products.

“Regional polyethylene prices moved up an average of 5 cents per pound in January after also moving up by 5 in December. The surprising hikes were caused by strong demand — especially in products sold to grocery stores — and unplanned outages at some production sites, according to RTI PE market analyst Mike Burns.”

Fed/OSHA issues new COVID-19 guidance

Federal OSHA guidance issued at the end of January is intended for most workplaces “outside of health care” and includes an outline for a 16 element COVID-19 Prevention Program as well as “additional detail on key measures for limiting the spread.”  While this step is merely guidance, nothing prevents Fed/OSHA from using it as a basis for a citation.

This article offers a concise breakdown of the 16 elements.

Here are the details from OSHA.