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Article: Myers Industries Sells Rubber Products Businesses
- Article from:
- Wireless News
- Article date:
- November 9, 2009
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Wireless News
11-09-2009
Myers Industries Sells Rubber Products Businesses
Type: News
Myers Industries, Inc. 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. 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 ...