About Myers Industries

Myers Industries, Inc. (Myers Industries) engages in the manufacturing of plastic reusable material handling containers and pallets, and plastic fuel tanks. The company is also the largest distributor of tools, equipment and supplies for the tire, wheel and under-vehicle service industry in the United States. The company’s plastic bulk containers replace single-use packaging, reducing waste and improving sustainability. Serving customers around the world, Myers Industries’ brands provide sustainable solutions to a wide variety of customers in diverse niche markets. Myers Industries’ diverse products and solutions help customers to improve shop productivity with point of use inventory, to store and transport products more safely and efficiently, to improve sustainability through reuse, to lower overall material handling costs, to improve ergonomics for their labor force, to eliminate waste and to ultimately increase profitability. The company’s business strategy is focused on transforming its Material Handling segment into a high-growth, customer-centric innovator of engineered plastic solutions while continuing to optimize and grow its Distribution segment. Myers Industries’ long-term plan is consisted of three, three-year horizons, each outlining specific actions to drive profitable revenue growth. Actions during the first horizon are focused on four strategic pillars: driving organic growth through sales and commercial excellence, pricing focus, innovation and e-commerce; operational excellence through continuous improvement, purchasing rigor and selling, general and administrative (‘SG&A’) expense optimization; complementing organic growth through bolt on acquisitions that can expand opportunities in current and adjacent markets; and developing a high-performance mindset and culture focused on safety first, talent development, inclusion, servant leadership and community involvement. Segments The company operates through two distinct business segments, Material Handling and Distribution. The Material Handling segment manufactures a broad selection of durable plastic reusable containers that are used repeatedly during the course of their service life. At the end of their service life, these highly sustainable products can be recovered, recycled, and reprocessed into new products. The Material Handling segment’s products include pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. Products in the Material Handling segment are primarily injection molded, rotationally molded or blow molded. Injection molding and blow molding primarily use electric power to heat and press resin into molds to form the products. Rotational molding involves multi-axis rotation of molds in natural gas fired ovens to form the resin into the company’s products. The Material Handling segment conducts operations in the United States and Canada. The Material Handling segment serves a wide variety of markets, including industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, among others. Products are sold both directly to end-users and through distributors. The Distribution segment engages in the distribution of tools, equipment and supplies used for tire servicing, wheel and automotive under-vehicle service on passenger, heavy truck and off-road vehicles and the manufacturing of tire repair materials and custom rubber products. The Distribution segment also manufactures and sells permanent and temporary reflective highway marking tape. The Distribution segment operates domestically through its sales offices and nine regional distribution centers in the United States, and in certain foreign countries through export sales, as well as branch operations principally in Central America. The Distribution segment serves retail and truck tire dealers, commercial auto and truck fleets, truck stop operations, auto dealers, general service and repair centers, tire re-treaders, and government agencies. On May 31, 2022, the company acquired the assets of Mohawk Rubber Sales of New England Inc. (‘Mohawk’), a leading auto aftermarket distributor, which is included in the company’s Distribution segment. On July 30, 2021, the company acquired the assets of Trilogy Plastics, Inc. (‘Trilogy’), a manufacturer of custom products for the industrial, consumer, lawn and garden, heavy truck, medical and other markets, which is included in the company’s Material Handling segment. On November 10, 2020, the company acquired the assets of Elkhart Plastics, Inc. (‘Elkhart Plastics’), a manufacturer of engineered products for the recreational vehicle, marine, agricultural, construction, truck and other industries, which is included in the company’s Material Handling segment. Material Handling The Material Handling segment manufactures highly engineered polymer packaging containers, storage and safety products, and specialty molded parts. The brands within this segment include Buckhorn, Akro-Mils, Jamco, Ameri-Kart, Elkhart Plastics, Trilogy Plastics and Scepter. Buckhorn’s reusable containers and pallets are used in closed-loop supply chain systems to help customers improve product protection, increase handling efficiencies, reduce freight costs and eliminate solid waste and disposal costs. Buckhorn offers products to replace costly single use cardboard boxes, wooden pallets, and steel containers. Buckhorn has a broad product line that includes injection-molded and structural foam-molded constructions. Buckhorn’s product lines include hand-held containers used for inventory control, order management and transportation of retail goods; collapsible and fixed-wall bulk transport containers for light and heavy-duty tasks; intermediate bulk containers for the storage and transport of food, liquid, powder, and granular products; plastic pallets; and specialty boxes designed for storage of items, such as seed. Buckhorn also produces a wide variety of specialty products for niche applications and custom products designed according to exact customer specifications. Akro-Mils material handling products provide customers everything they need to store, organize and transport a wide range of goods while increasing overall productivity and profitability. Serving industrial, commercial and consumer markets, Akro-Mils products range from AkroBins — the industry’s leading small parts bins — to Super-Size AkroBins, metal panel and bin hanging systems, metal and plastic storage cabinet and bin systems, wire shelving systems, plastic and metal transport carts and a wide variety of custom storage and transport products. Akro-Mils products deliver storage and organization solutions in a wide variety of applications, from creating assembly line workstations to organizing medical supplies and retail displays. Emphasis is placed on product bundling and customizing systems to create specific storage and organization configurations for customers’ operations. Jamco Products is well established in industrial and commercial markets with its wide selection of welded steel service carts, platform trucks, mobile work centers, racks and cabinets for plastic bins, safety cabinets, medical cylinder carts and more. Jamco Products’ quality product offering, relationships with industrial distributors and reputation for quality and service complements Myers Industries’ other Material Handling businesses. Ameri-Kart is an industry leading rotational molder of water, fuel and waste handling tanks, plastic trim and interior parts used in the production of seat components, consoles, and other applications throughout the recreational vehicle, marine, and industrial markets. Ameri-Kart also thermoforms certain parts for the recreational vehicle and other industries. In addition to standard marine parts, Ameri-Kart is well respected within the marine market for its patented Enviro-Fill overfill prevention system (‘OPS’) technology and is the industry’s only turnkey provider of an integrated, Environmental Protection Agency (‘EPA’)-compliant marine fuel tank and patented Enviro-Fill diurnal system. Elkhart Plastics is another industry leading manufacturer of rotationally molded water, fuel and waste handling tanks, intermediate bulk containers, plastic trim and parts used in recreational vehicle, marine, agriculture, commercial construction equipment, heavy truck equipment, material handling and more. Custom plastics are manufactured in a variety of lengths, shapes and thicknesses to meet customer needs. Trilogy Plastics is a world-class custom rotational molder specializing in high quality, high tolerance parts and assemblies. Trilogy manufactures custom products for the industrial, consumer, lawn and garden, heavy truck, medical and other markets. Scepter is a leading producer of portable plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers and storage totes. Scepter was the first provider of Jerry Cans to North America, which offer safe, reliable transportation and storage of fuel for the consumer market. Scepter also manufactures a variety of blow molded products for military applications from high quality containers to safely store and transport large caliber ammunition, to military specified portable fuel and water canisters. Scepter's in-house product engineering and state of the art mold capabilities complements Myers Industries’ Material Handling segment through an increased product offering and global reach. Distribution The Distribution segment includes the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales and Patch Rubber Company brands. Within the Distribution segment, the company sources and manufactures top of the line products for the tire, wheel and under-vehicle service industry. With these brands, the Distribution segment is the largest U.S. distributor and single source for tire, wheel and under-vehicle service tools, equipment and supplies. The company buys and sells over 30,000 unique items — everything that professionals need to service passenger, truck and off-road tires, wheels and related components. Independent tire dealers, mass merchandisers, commercial auto and truck fleets, truck stop operations, auto dealerships, tire re-treaders and general repair facilities rely on the company’s broad product selection, rapid availability and personal service to be more productive and profitably grow their businesses. While the needs and composition of the company’s distribution markets constantly change, the company adapts and delivers new products and services that are crucial to the company’s customers’ success. The new product pipeline is driven by a thorough understanding of the market, its customers’ needs and working closely with suppliers to develop innovative products and services to meet these needs. Tailored products, services and field support, including access to leading suppliers, an expansive customer care team and a strong national footprint are supported through the company's leading brands, including Myers Tire Supply, Tuffy Manufacturing and Mohawk Rubber Sales. On an international scale, Myers Tire Supply International further distributes these product offerings and services in Central America, through its branch offices, and to other foreign countries, through its U.S. export business. Patch Rubber Company manufactures one of the most comprehensive lines of tire repair and retreading products in the United States. Service professionals rely on the company’s extensive product selection and quality for safe, cost-effective repairs to passenger, truck and off-road tires. Products include the plug that fills a puncture, the cement that seals the plug, the tire innerliner patch and the final sealing compound. Patch brand repair products maintain a strong position in the tire service markets, including sales through the Myers Tire Supply sales network. Patch Rubber also employs its rubber calendering and compounding expertise to create a diverse portfolio of products outside of the tire repair market, such as permanent and temporary reflective highway marking tape. The company’s rubber-based tape and symbols provide the durability and brightness that construction professionals demand to replace paint for marking road repair, intersections and hazardous areas. History Myers Industries, Inc. was founded in 1933. The company was incorporated in 1955.