TITLE

Myers Industries buying WEK, Michigan Rubber

AUTHOR(S)
DeRosa, Angle
PUB. DATE
February 2004
SOURCE
Plastics News;2/23/2004, Vol. 15 Issue 51, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
In a $60 million deal, Myers Industries Inc. is acquiring blow molder WEK Industries Inc. and sister firm Michigan Rubber Products Inc. from Applied Tech LLC. The deal is to close in early March 2004. WEK has about $20 million in annual blow molding sales and 22 machines. The firm operates one plant in Jefferson, Ohio and employs about 180. Officials said the acquisition would allow Myers to offer value-added, engineered products. WEK's offerings include ducts for heating, venting and air conditioning, toolboxes and automotive, motorcycle and all-terrain vehicle products.
ACCESSION #
12417835

 

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