The real M&A work begins at deal's end

Sun, Nina Ying
September 2009
Plastics News;9/28/2009, Vol. 21 Issue 29, p6
Trade Publication
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 dollars. A statement detailing financial terms, risk assessment and future strategies has been issued by Zhongding. Some of the U.S. manufacturing will be shifted by Zhongding to China.


Related Articles

  • Myers set to sell two rubber subsidiaries. McNulty, Mike; Sun, Nina Ying // Rubber & Plastics News;10/5/2009, Vol. 39 Issue 5, p1 

    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...

  • 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...

  • 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...

  • 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....

  • 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...

  • Mid-Atlantic Coast Agencies Merge.  // SDM: Security Distributing & Marketing;Feb2010, Vol. 40 Issue 2, p32 

    The article offers information on the merger between VSC Corp. and its subsidiaries which later called the VSC Fire & Security Inc.


Read the Article


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

Try another library?
Sign out of this library

Other Topics