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People & Business :: M&A

Myers Completes Acquisition of Brazilian Plastics Manufacturer

9:20 AM MDT | July 9, 2012 | Lindsay Frost

Myers Industries (Akron, OH) has completed its acquisition of Plasticos Novel S.A. (Lauro de Freitas, Brazil) for $27.5 million. Novel is a designer and manufacturer of reusable plastic crates and totes used for closed-loop shipping and storage in the food and agriculture industries of Brazil. Novel also produces plastic industrial safety products and has projected sales of $38 million for 2012. It will become a part of Myers’s material handling segment, which also includes Buckhorn Inc., a North American bulk container manufacturer; Akro-Mils, a plastic...

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