Myers Sees Profits for 2009, Improved 4th Quarter
Myers Industries posted improved profits for 2009, even against lower sales for the year. The Akron-based company saw 2009 sales of $701.8 million, down 4% vs. 2008’s sales of $813.5 million. Profit, though, came in at $7 million for the year, up from 2008’s loss of $45.7 million. Things improved in the fourth quarter, Myers
Myers Sells Off Rubber Businesses
Myers Industries Inc. has completed the sale of its Buckhorn Rubber Products, Inc. and Michigan Rubber Products businesses to Zhongding Sealing Parts (USA) Inc., a subsidiary of China-based Zhongding Sealing Parts Co. Both Myers units produce rubber OE parts for automotive, heavy truck, agriculture and construction markets. Final net proceeds from the sale were
Myers Sees Losses in Third Quarter
Myers Industries, Inc. reported net sales from continuing operations for the third quarter, ending Sept. 30, were $165.4 million, a decrease of 17% compared to $199.9 million in the third quarter of 2008. The company cited continued weak economic conditions for the loss. Myers reported a net loss of $5.3 million in the third quarter
Myers Names New EVP, COO
(Aftermarketnews.com) Myers Industries has named David Knowles, 48, as executive vice president and COO, effective immediately.
Myers May Sell Off Operations
Myers Industries Inc. may be looking to unload parts of its business.
Myers Board Members Re-elected
Shareholders of Myers Industries re-elected eight board members during the company’s annual meeting yesterday.
Myers Names Todd Smith MD of Distribution Segment
Myers Industries, Inc. promoted Todd Smith to managing director for the company’s distribution segment.
Myers Set to Close Plastics Plant
Myers Industries Inc. said it is closing its Fostoria, Ohio, automotive and custom plastics plant.
Myers Takes Another Price Hike
Myers Industries has implemented a series of price increases across its various product lines due to rising raw material and energy costs.
Myers Sale is Off
Myers Industries Inc. this morning announced that its planned sale to investment firm GS Capital Partners is off.