Manchester Tank & Equipment to acquire Ditech Testing
Manchester Tank & Equipment Co., a Tennessee-based manufacturer of steel and aluminum low pressure tanks and cylinders for storage and transport of pressurized gas applications, is acquiring the business assets related to the tank refurbishment and tank recertification business of Ditech Testing, a Canadian company.
The companies will complete the transaction by the end of June, according to a news release.
LP Gas visited with company leaders after Manchester Tank and Ditech announced a partnership during April’s Southeastern Convention & International Propane Expo in Charlotte, North Carolina.
Dan Leblanc founded Ditech in 1997 to service the liquid petroleum industry in North America. For over 25 years, the company has grown its tank refurbishment and recertification operations in New Brunswick and Alberta, Canada.
The companies say Ditech’s innovation and quality in refurbishing and recertification complement Manchester Tank’s product offering, bring additional value to customers and promote continuous improvement across operations.
“Joining forces with Ditech is a natural fit for our company. Our footprint expands to provide the full product lifecycle – from manufacturing to refurbishment and recertification,” says Manchester Tank President Jordan de Lima. “The addition of Ditech enables our customers to reduce costs by saving depreciating assets and take advantage of Ditech’s logistics management process, ensuring tanks are recertified on time and arrive seamlessly at their required destination.”
The inclusion of Ditech, de Lima adds, marks the next phase in Manchester’s pursuit of improvement, “and I eagerly look forward to all that we will accomplish together.”
Leblanc says, “We are extremely pleased to join Manchester Tank, a company that shares a decades-old passion for combining innovation and performance with superior customer service. Together our companies will continue to meet the growing needs of our customers at home and abroad.”
Terms of the transaction were not disclosed.
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