Myers Industries - M&A Summary and Business Overview

ManufacturingCompany

Myers Industries M&A Summary

Myers Industries has acquired 8 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Myers Industries’ largest acquisition to date was in 2024, when it acquired Signature Systems Group for $350M. It’s largest disclosed sale occurred in 2014, when it sold WEK Industries to Toledo Molding & Die for $20M. Myers Industries has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include manufacturing (38%) and distribution (25%).

Myers Industries Business Overview

Where is Myers Industries headquartered?

Myers Industries is headquartered in Akron, Ohio.

What is Myers Industries’ revenue?

Myers Industries disclosed revenue of 813M USD for 2023 and 900M USD for 2022.

How many employees does Myers Industries have?

Myers Industries has 2,500 employees.

What sector is Myers Industries in?

Myers Industries is a manufacturing company.

When was Myers Industries founded?

Myers Industries was founded in 1933.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

Myers Industries

Myers Industries, Inc.

1293 South Main Street,
Akron, Ohio 44301
United States,
(330) 253-5592
www.myersindustries.com

Myers Industries is a diversified, international plastics manufacturer of returnable packaging, storage and safety products and specialty molding. The Company is also the largest wholesale tire repair supply distributor in the United States. Myers Industries was founded in 1933 and is based in Akron, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 4 1 1 1 - 1 8
vol $157M $350M $507M
Sell (0.0/yr) # 2 - - - - - 2
vol $20M $20M
  10

Most Recent M&A

Company Date Value Type
Signature Systems Group LLC 2024-01-02 350M USD Add-on Acquisition
Flower Mound, Texas · www.signature-systems.com
Mohawk Rubber Sales of New England, Inc. 2022-06-01 - Add-on Acquisition
Hingham, Massachusetts · www.mohawkrubber.com
Trilogy Plastics, Inc. 2021-08-02 - Add-on Acquisition
Alliance, Ohio · www.trilogyplastics.com
Elkhart Plastics, Inc. 2020-11-10 - Add-on Acquisition
South Bend, Indiana · www.epi-roto.com
Tuffy Manufacturing Industries, Inc. 2019-08-26 - Add-on Acquisition
Cuyahoga Falls, Ohio · www.tuffymfg.com
The HC Companies, Inc. 2015-02-18 - Divestiture
Twinsburg, Ohio · www.hc-companies.com
Scepter Corporation 2014-07-03 157M USD Add-on Acquisition
Scarborough, Ontario · www.scepter.com
WEK Industries, Inc. 2014-06-24 20M USD Divestiture
Jefferson, Ohio · www.wekindustries.com
Jamco Products, Inc. 2012-10-02 - Add-on Acquisition
South Beloit, Illinois · www.jamcoproducts.com
WEK Industries, Inc. 2004-03-11 - Add-on Acquisition
Jefferson, Ohio · www.wekindustries.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 3 (38%) 507M (100%) - -
Plastics 2 (25%) - 1 (50%) -
Distribution 2 (25%) - - -
Chemicals 1 (13%) - 1 (50%) 20M (100%)
Total 8 $507M 2 $20M

By Geo

State/Country Buy Value Sell Value
United States 7 350M 2 20M
  Ohio 3 - 2 20M
  Texas 1 350M - -
  Massachusetts 1 - - -
  Indiana 1 - - -
  Illinois 1 - - -
Canada 1 157M - -
  Ontario 1 157M - -
Domestic 7 (88%) 350M (69%) 2 (100%) 20M (100%)
Cross-border 1 (13%) 157M (31%) - -
Total 8 $507M 2 $20M

Top M&A Advisors

Financial Deals
Moelis & Co.
 1
Western Reserve Partners LLC
 1
Legal Deals
Davis Polk & Wardwell
 1
Vorys, Sater, Seymour and Pease
 1

Deal Values

buy # Total
$100M to $1B 2 $507M
TOTAL $507M
Largest Signature Systems Group LLC
$350M (2024-01-02)
sell # Total
< $100M 1 $20M
TOTAL $20M
Largest WEK Industries, Inc.
$20M (2014-06-24)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Manufacturing

Revenue

813   10% 2023
900   19% 2022
761   50% 2021
510   2% 2020
516   9% 2019
567   4% 2018
547   2% 2017
558   8% 2016
602   4% 2015
624   7% 2014
584   8% 2013
545   2012
(millions of USD) Show More Show Less

Employees

2,500

Established

1933

Public

NYSE: MYE

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