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) July 9, 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 July 9, 2012, Myers Industries, Inc. announced that it has completed the acquisition of Brazils 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 July 9, 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 9, 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 Completes Acquisition
of Material Handling Business Plasticos Novel S.A®
July 9, 2012, Akron, Ohio Myers Industries, Inc. (NYSE: MYE) today announced that it has completed the previously announced acquisition of Brazils Plasticos Novel S.A.® The purchase price was $27.5 million, subject to certain adjustments. Additional terms of the acquisition were not disclosed.
Novel, with projected sales of approximately $38.0 million for 2012, 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. With strong relationships to major international companies in its markets, Novel complements Myers Industries existing material handling business in Brazil and aligns with the Companys material handling and geographic growth strategy. 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.
# # #
Financial & Investor Contacts: | Media Contact: | |
Donald A. Merril Senior Vice President & Chief Financial Officer | Max Barton Director, Corporate Communications | |
Monica Vinay Director, Investor & Financial Relations | (330) 761-6106 | |
(330) 253-5592 |
1293 South Main Street Akron, Ohio 44301 (330) 253-5592 Fax: (330) 761-6156 | NYSE /MYE |
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