Myers to purchase rubber, plastics goods manufacturers

From Rubber & Plastics news

AKRON (Feb. 17)–Myers Industries Inc. will acquire Michigan Rubber Products Inc. and WEK Industries Inc. from Applied Tech Products for about $60 million.

Myers will purchase the stock and assume the debt of the two firms. The deal is expected to close in early March. The Akron-headquartered firm bought the companies because their products, processes and customers fit into its existing capabilities, said Stephen E. Myers, chairman and CEO of the manufacturer of polymer products for the agricultural, industrial, automotive, commercial…

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