MYERS INDUSTRIES TO ACQUIRE
RB MANUFACTURING CO.

FOR IMMEDIATE RELEASE: September 13, 2000, Akron, Ohio USA -- Myers Industries, Inc. (AMEX: MYE) has agreed to purchase for cash all outstanding shares of RB Manufacturing Company of Sandusky, Ohio. RB is a well-known manufacturer of metal material handling carts and also produces wooden carts under the Dura Products brand name. The acquisition is expected to close in early October. Terms of the deal were not disclosed.

Sales for RB Manufacturing were approximately $7 million in 1999. RB designs and produces nearly 300 cart products, including platform trucks, portable shelf carts, and hand trucks for industrial and warehouse operations, as well as specialty carts and racks for garden centers and nurseries. RB has one manufacturing facility and employs 70 people.

"RB is a good fit in our manufacturing segment, said Stephen E. Myers, president and chief executive officer of Myers Industries. "Its products strengthen our material handling cart offering and will help us to expand our opportunities in industrial and commercial markets."

The purchase is consistent with Myers Industries’ practice of responding to opportunities that broaden the Company’s range of products and capabilities, extend reach to new customers, and provide good potential for growth and increased profitability.

Myers Industries, Inc. (AMEX: MYE) is an international manufacturer of plastic and rubber products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire service and automotive underbody repair industry in the United States. Myers has 23 manufacturing facilities in six countries, 42 distribution branches in 31 states, more than 20,000 products, and nearly 4,200 employees. Myers reported net sales of $580.8 million in 1999.

Safe Harbor Statement: Statements in this press release may include forward looking statements that involve a number of risks and uncertainties that could cause actual results to materially differ from those discussed. For this purpose, any statement that is not a statement of historical fact may be deemed to be a forward-looking statement

-END-

Return to News Releases