TITLE

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

AUTHOR(S)
Sun, Nina Ying
PUB. DATE
September 2009
SOURCE
Plastics News;9/28/2009, Vol. 21 Issue 29, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
45108781

 

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