Strategic Acquisitions & Transactions
Through internal growth, complementary acquisitions, divestitures and restructurings, Myers Industries has become a stronger company in higher-growth, niche markets. The Company has completed more than 15 acquisitions and three divestitures since 1987, allowing us to:
- Expand key product lines and strengthen innovation
- Add new manufacturing processes and technologies
- Gain strategic customers in growing markets
- Strengthen our brand and market leadership positions
Acquisitions are logical extensions of our original plastic, rubber and distribution capabilities. Each opportunity is carefully reviewed and must demonstrate its ability to increase our innovation, advance our market positions and strengthen our value – for all stakeholders.
Strategic Acquisitions & Transactions Summary
| Company |
Year |
Action |
Growth Opportunity |
| Buckhorn / Buckhorn Rubber |
1987 |
Acquisition |
Expand plastic and rubber business with reusable plastic containers and rubber OEM parts |
| Ameri-Kart |
1995 |
Acquisition |
Add roto-molding, material handling and storage products |
| Molded Solutions |
1997 |
Acquisition |
Combine with Buckhorn Rubber to expand OEM products and markets |
| Raaco International |
1998 |
Acquisition |
Enter European markets for plastic storage containers |
| Sherwood Plastics |
1998 |
Acquisition |
Combine with Ameri-Kart; Expand roto-molding and add new markets |
| Kadon |
1998 |
Acquisition |
Strengthen Buckhorn's capabilities to produce custom plastic material handling and related products; integrated into the Buckhorn brand |
| Allibert Equipement |
1999 |
Acquisition |
Establish international leadership with reusable plastic containers and pallets; Cross-sell with Buckhorn to meet customers' needs on a global scale. Re-named Allibert-Buckhorn in 2003 to cross-brand with Buckhorn in North America |
| Dillen Products |
1999 |
Acquisition |
Gain leading position in plastic pots, trays and baskets for the professional nursery and greenhouse industries |
| Listo Products |
1999 |
Acquisition |
Expand indoor / outdoor decorative planter selection for retailers and consumers |
| RB Manufacturing |
2000 |
Acquisition |
Add to Akro-Mils; Expand material handling cart line for industrial and commercial markets |
| Best Plastics |
2000 |
Acquisition |
Combine with Ameri-Kart; Strengthen roto-molding and vacuum forming capabilities; Expand business in plastic tanks and specialty OEM parts for industrial markets |
| Michigan Rubber Products & WEK Industries |
2004 |
Acquisition |
Expand offering of engineered rubber and plastic components and finished assemblies to the automotive OEM market and Tier 1 suppliers |
| Productivity California |
2004 |
Acquisition |
Expand leading position in nursery containers for the professional grower; gain industry-exclusive picturePot® printing and container forming technology |
| ITML |
2007 |
Acquisition |
Strategic expansion of the company's Lawn and Garden Segment with a strong brand, broad product selection and key North American sales and manufacturing geographies |
| Allibert-Buckhorn & Raaco |
2007 |
Divestiture |
Sale of the Material Handling Segment European operations to re-invest in the core brands in the U.S. |
| Schoeller Arca Systems North America |
2007 |
Acquisition |
Asset purchase of molds and equipment for intermediate bulk container (IBC) product lines; added to the Buckhorn brand |
| Buckhorn Rubber Products & Michigan Rubber Products |
2009 |
Divestiture |
Sale of rubber OEM products business; realignment of the Engineered Products Segment (formerly Auto & Custom) to include WEK, Patch Rubber and Ameri-Kart |
| AmeriKan |
2009 |
Acquisition |
Acquired remaining 50% of joint venture in nursery container business in southern U.S. (originally acquired with ITML in 2007) |
| Enviro-Fill, Inc. |
2010 |
Acquisition |
Ameri-Kart acquired technology assets for the new Enviro-Fill fuel overfill prevention system (OPS) and fuel vapor capture system that will help boat manufacturers to meet refueling and emission requirements of the EPA |
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