UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) June 29, 2012
MYERS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Ohio | 1-8524 | 34-0778636 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
1293 South Main Street, Akron, OH | 44301 | |
(Address of Principal Executive Offices) | (Zip Code) | |
Registrants Telephone Number, including area code (330) 253-5592 | ||
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. | Other Events. |
On June 29, 2012, Myers Industries, Inc. announced that it has signed an agreement to acquire Plasticos Novel S.A.® The full text of the press release issued in connection with this announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. | Financial Statements and Exhibits |
99.1 | Press Release of Myers Industries, Inc. dated June 29, 2012 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Myers Industries, Inc. |
(Registrant) |
DATE: July 6, 2012 |
By: | /s/ Donald A. Merril | ||||
Donald A. Merril | ||||||
Senior Vice President, Chief Financial Officer and Corporate Secretary |
Exhibit 99.1
News Release NYSE: MYE |
Myers Industries to Acquire
Brazilian Material Handling Business Plasticos Novel®
June 29, 2012, Akron, Ohio Myers Industries, Inc. (NYSE: MYE) today announced that it has signed an agreement to acquire Plasticos Novel S.A.® The transaction is expected to close in July 2012. Novel is Brazils leading designer and manufacturer of reusable plastic crates and totes used for closed-loop shipping and storage in the regions fast-growing food and agriculture industries. Novel also produces a diverse range of plastic industrial safety products.
President and Chief Executive Officer John C. Orr said, Novel complements our existing material handling business in Brazil, and has strong ties with industry-leading companies through its reputation for innovation and service. Novel clearly fits our material handling and geographic growth strategy.
Founded in 1975, Novel has two manufacturing facilities located in the Brazilian states of Bahia and Paraná, covering the major industrial and agribusiness centers of northeastern and southern Brazil. Specializing in injection molded material handling products, Novel is a leader in reusable plastic containers for markets ranging from food and beverage to agriculture. Its industrial safety and traffic products range from safety helmets and ear protection to signs and flooring. With major international companies as its customers, Novel is highly regarded for continuous innovation, quality and service. Visit http://www.novel.com.br to learn more.
Novel will become part of Myers Industries Material Handling Segment. Businesses in this segment include North America-based Buckhorn,® a leading manufacturer of reusable bulk containers and totes; Akro-Mils,® a leader in plastic bins and storage systems; and Myers do Brasil,® located in São Paulo state, Brazil, which produces bulk containers and totes for agriculture and manufacturing markets in the region.
About Myers Industries
Myers Industries, Inc. (NYSE: MYE) is a diversified, international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and undervehicle service industry in the U.S. The Company reported net sales of $755.7 million in 2011. Visit www.myersindustries.com to learn more, or visit www.facebook.com/myersindustries to connect with the Companys social community.
Caution on Forward-Looking Statements
Statements in this release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed forward-looking. Words such as expect, believe, project, plan, anticipate, intend, objective, goal, view, should, and similar expressions identify forward-looking statements. These statements are based on managements current views and assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside of the Companys control that could cause actual results to materially differ from those expressed or implied. Risks are detailed in the Companys 10-K and other reports filed with the Securities and Exchange Commission, which are available at www.sec.gov, and on the Companys Investor Relations section of its web site at www.myersindustries.com. Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein. These statements speak only as of the date made.
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Financial & Investor Contacts: Donald A. Merril Senior Vice President & Chief Financial Officer Monica Vinay Director, Investor & Financial Relations (330) 253-5592 |
Media Contact: Max Barton Director, Corporate Communications (330) 761-6106 |
1293 South Main Street o Akron, Ohio 44301 o (330) 253-5592 o Fax: (330) 761-6156 | NYSE / MYE |