Myers Industries takes private equity route

Akron, Ohio - The Board of Directors of Myers Industries has unanimously approved a proposal that the GS Capital Partners should buy all outstanding shares in the company for $22.50 each, in a deal worth $1070 million (€786 million). The board will recommend that Myers’ shareholders approve the proposed sale.GS Capital Partners is a private equity fund of the Goldman Sachs banking group.

Myers built its business by making rubber mouldings and plastics products, but has recently been on the acquisition trail, diversifying into other areas.


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