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Article: Myers Industries Enters Into Non-Binding Letter of Intent with Zhongding Sealing Parts Co. Ltd.
- Article from:
- Business Wire
- Article date:
- September 22, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Intent to Sell Buckhorn Rubber Products and Michigan Rubber Products Businesses from the Automotive and Custom Segment
AKRON, Ohio -- Myers Industries, Inc. (NYSE: MYE) today announced that it has entered into a non-binding letter of intent with Zhongding Sealing Parts Co. Ltd. to sell substantially all of the assets of its Buckhorn Rubber Products, Inc. and Michigan Rubber Products, Inc. subsidiaries to Zhongding Sealing Parts Co. Ltd.
Assuming that all of the conditions set forth in the non-binding letter of intent are satisfied, Myers Industries anticipates that the sale would occur before November 2009.
Myers Industries is issuing this press ...