QualaWash Holdings, a provider of services for commercial and industrial portable liquid and dry bulk containers in North America, announced it has signed a definitive stock purchase agreement with PSC to acquire 100 percent ownership of PSC Container Services. Terms were not released.
“The addition of PSC Container Services substantially increases QualaWash’s nationwide service footprint to 53 locations, giving us further reach to service shippers, carriers and IBC operators,” says Mike Bauer, chief executive officer of QualaWash. “By bringing these two organizations together as one company, we have the opportunity to blend the talents of both teams, providing the bulk shipping industry with more logistics and service offerings.”
Bauer says PSC’s tank trailer cleaning business is complementary to QualaWash’s existing business model. “Their concentration of IBC cleaning and reconditioning business also furthers our commitment to the IBC market, established through our recent acquisition of Manfredi Special Services,” he says.
Bruce Roberson, president and CEO of PSC, praised the strength of leadership on both teams. “I’m confident that the leadership team will continue to build and grow a truly special company in the years ahead,” Roberson says.