Container and Pooling Solutions (CAPS), a provider of container management services and full-service solutions for returnable bulk containers, has changed the name of its intermediate bulk container management business.

The new name is CHEP Pallecon Solutions, according to a company news release. The Livonia, Mich.-based company is a sister company of the automotive division of Dunwoody, Ga.-based CHEP USA.

CHEP Pallecon provides rental, tracking and full-service solutions for returnable bulk containers. Becoming a part of the globally-recognized CHEP brand will help the company further leverage the capabilities offered through collaboration with CHEP sister divisions, according to the release.

The name change will have no effect on operations for customers, Robert Wiedmaier, vice president and general manager, said in the release.

“Considering CAPS was purchased by Brambles almost three years ago, this change is ceremonial, not operational in nature,” Wiedmaier said. “Utilizing the CHEP name helps us align with our continued global and cross-platform growth strategy.”

The word “pallecon” in the company’s title refers to the type of containers CHEP Pallecon Solutions provides, intermediate bulk containers with built-in pallets — part pallet, part container.