TITLE

Myers set to sell two rubber subsidiaries

AUTHOR(S)
McNulty, Mike; Sun, Nina Ying
PUB. DATE
October 2009
SOURCE
Rubber & Plastics News;10/5/2009, Vol. 39 Issue 5, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Myers Industries Inc., a manufacturer and distributor of a variety of rubber and plastic goods, has announced that it has entered into a non-binding letter of intent to sell virtually all of the assets of its Buckhorn Rubber Products Inc. and Michigan Rubber Products Inc. to Zhongding Sealing Parts Co. Ltd. of China. After the contract, Myers will be left with only Patch Rubber Products--a producer of goods for tire repair and retread product lines.
ACCESSION #
44963195

 

Related Articles

  • The real M&A work begins at deal's end. Sun, Nina Ying // Plastics News;9/28/2009, Vol. 21 Issue 29, p6 

    The article reports that China's Zhongding Sealing Parts Co. Ltd. will acquire two plastic and rubber molding subsidiaries from Akron, Ohio-based Myers Industries Inc. for 8.5 million dollars. Subsidiaries Buckhorn Rubber Products Inc. and Michigan Rubber Products Inc. are valued at 14 million...

  • Myers completes sale of rubber units.  // Rubber & Plastics News;11/16/2009, Vol. 39 Issue 8, p3 

    The article reports on the sale of two rubber product operations, Michigan Rubber Products Inc. and Buckhorn Rubber Products Inc., by Myers Industries Inc. Zhongding Sealing Parts Inc. purchased the operations including all land, machinery, plants, brands, the customer base and technology. To...

  • Myers may divest Buckhorn, Michigan Rubber units.  // Rubber & Plastics News;5/18/2009, Vol. 38 Issue 21, p23 

    The article reports that Akron, Ohio based-Myers Industries Inc. is planning some changes for its automotive and custom business units. As stated, it includes the possible sale of some or all of the four companies of that division. The division includes both rubber and plastics processing...

  • Myers finalizes ATP purchase.  // Rubber & Plastics News;4/5/2004, Vol. 33 Issue 18, p23 

    Myers Industries Inc. has completed the acquisition of ATP Automotive Inc. from Applied Tech Products to expand its automotive rubber and plastics niche product presence. Myers Industries paid about $60 million for the business, comprised of Michigan Rubber Products Inc. and WEK Industries Inc....

  • Still a tough market. HILL, JAMES M. // Smart Business Cleveland;Nov2009, Vol. 21 Issue 4, p16 

    The article provides information on company acquisitions and asset purchases during the month of September 2009. Integra Spine of Akron bought the distressed assets of Innovative Spinal Technologies Inc. for 9.25 million dollars. Harrah's Operating Company Inc. agreed to acquire for 89.5 million...

  • Myers to buy ATP's automotive group. McNulty, Mike // Rubber & Plastics News;2/23/2004, Vol. 33 Issue 15, p1 

    Akron-based manufacturer of polymer products for the agricultural, industrial, automotive, commercial and consumer markets Myers Industries Inc. will acquire Michigan Rubber Products Inc. and WEK Industries Inc. from Applied Tech Products (ATP) for about $60 million to expand its automotive...

  • Myers Industries buying WEK, Michigan Rubber. DeRosa, Angle // Plastics News;2/23/2004, Vol. 15 Issue 51, p1 

    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...

  • Seals Unlimited beefs up portfolio with Buckhorn buy. Dawson, Brad // Rubber & Plastics News;1/24/2005, Vol. 34 Issue 13, p3 

    This article reports that seal maker Seals Unlimited Inc. has bolstered its fastest-growing business by purchasing the hydro gate seal division of Buckhorn Rubber Products Inc. Beaverton-based Seals Unlimited accomplished two important objectives by buying Buckhorn's Huntington Brand gate seal...

  • FINANCIAL RESULTS.  // Rubber & Plastics News;11/3/2003, Vol. 33 Issue 7, p6 

    Presents financial results of companies involved in the rubber and plastics business, for 2002 and 2003. Statistics on sales of Cooper Tire & Rubber Co. for the quarter ending September 30; Comparison of net income of Myers Industries Inc. for 2002 and 2003.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics