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Business
Segments Overview
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| The Company
conducts its business activities in four segments, including three manufacturing segments
and one Distribution Segment. The manufacturing segments consist of: North American Material
Handling, Automotive and Custom, and
Lawn and Garden. For
the year ended December 31, 2007, the percentage contribution from each segment to the
Company’s total net sales from continuing operations of $918.8 million is outlined in the chart below ($ in millions).*
*Segment sales figures compared with total
net sales of $918.8 million may not add due to intra-segment eliminations;
percentages may not equal 100% due to rounding.
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| In our Manufacturing Segments we design, manufacture, and market a
variety of plastic and rubber products. These range from plastic reusable material
handling containers and small parts storage bins to plastic horticultural pots and hanging
baskets, decorative planters, plastic and rubber OEM parts, tire repair materials, and
custom plastic and rubber products. |
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| Myers' Distribution Segment is engaged in the distribution of tools,
equipment, and supplies used for tire, wheel, and undervehicle service. The segment
operates domestically through branches located in major cities throughout the United
States, Canada, Central America, and Brazil. |
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Each of Myers
Industries' four business segments (or "Groups") is headed by a Managing
Director reporting to the Chief Executive Officer of the Company. These managers, working
with the CEO, are responsible for developing the strategy for each segment and its
business units (Product Brands), as well as identifying and
implementing the synergies for capabilities, products, customers, and markets within each
segment and across segments. This approach is designed to provide customers with greater
value in products and services, best utilize the resources of the Company, and drive new
opportunities for Myers' growth. Learn more
about the Segment Operations Managers.
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