Myers Industries Inc.

NYSE:MYE   3:59:55 PM EDT
+0.48 (+2.72%)
4:00:00 PM EDT: $17.88 -0.03 (-0.17%)
Other Pre-Announcement, Mergers / Acquisitions

Myers Industries Acquires Elkhart Plastics

Published: 11/10/2020 21:29 GMT
Myers Industries Inc (MYE) - Myers Industries Acquires Elkhart Plastics, Inc.myers Industries Inc - Elkhart Will Operate As a New Strategic Business Unit Within Myers' Material Handling Segment.
Myers Industries Inc - Acquisition is Expected to Be Immediately Accretive to Earnings, and Myers Financed Transaction With Cash on Hand.
Myers Industries - Deal Expected to Generate Annual Cost Synergies of About $4 Million to $6 Million per Year, Most Projected to Be Achieved in First 2 Years.
Myers Industries Inc - Expects to Realize Growth Synergies Due to Broader Geographic Footprint Created by Combined Businesses.