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Article: Myers Industries Completes Sale of Rubber Products Businesses.
- Article from:
- Business Wire
- Article date:
- November 2, 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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AKRON, Ohio -- Myers Industries, Inc. (NYSE: MYE) today announced that it has completed the sale of its Buckhorn Rubber Products, Inc. (BRP) and Michigan Rubber Products, Inc. (MRP) businesses to Zhongding Sealing Parts (USA), Inc., a subsidiary of China-based Zhongding Sealing Parts Co. Ltd. Part of Myers Industries' Automotive and Custom Segment, BRP of Hannibal, Missouri, and MRP of Cadillac, Michigan, provide engineering and manufacturing of rubber original equipment parts for automotive, heavy truck, agriculture and construction markets. Final net proceeds from the sale were approximately $10.0 million.
The transaction follows Myers Industries' earlier ...