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Divestiture • Chemicals

Toledo Molding & Die Acquires WEK Industries

On June 24, 2014, Toledo Molding & Die acquired chemicals company WEK Industries from Myers Industries for 20M USD

Acquisition Context
  • This is Toledo Molding & Die’s 1st transaction in the Chemicals sector.
  • This is Toledo Molding & Die’s largest (disclosed) transaction.
  • This is Toledo Molding & Die’s 1st transaction in the United States.
  • This is Toledo Molding & Die’s 1st transaction in Ohio.

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M&A Deal Summary
Date June 24, 2014
Target WEK Industries
Sector Chemicals
Buyer(s) Toledo Molding & Die
Sellers(s) Myers Industries
Deal Type Divestiture
Deal Value 20M USD

Target Company

WEK Industries

Jefferson, Ohio, United States
WEK Industries is your leading single source for innovative, high-quality and cost effective blow molding. WEK specializes in engineered, custom components and products serving diverse markets and customers.
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Buyer Overview 1

Buyer

Toledo Molding & Die

Toledo, Ohio, United States
Category Company
Founded 1955
Sector Automotive
Employees1,600
Revenue 300M USD (2017)
DESCRIPTION

Toledo Molding & Die, Inc. is a full-service automotive supplier that designs, develops and manufactures highly engineered molded thermoplastic components and assemblies such as interior cockpit modules and air and fluid management products.

Deal Context for Buyer #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Myers Industries

Akron, Ohio, United States
Category Company
Founded 1933
Sector Manufacturing
Employees2,500
Revenue 836M USD (2024)
DESCRIPTION

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.

Deal Context for Seller #
Overall 1 of 2
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 2
State: Ohio 1 of 2
Country: United States 1 of 2
Year: 2014 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 Jamco Products

South Beloit, Illinois, United States

Jamco Products, Inc. is a designer and manufacturer of heavy duty industrial steel carts and safety cabinets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-03 Scepter

Scarborough, Ontario, Canada

Scepter is a producer of portable marine fuel containers, portable fuel and water containers and accessories, ammunition containers, storage totes and environmental bins.

Buy $157M

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