Akron rubber company announces acquisition
AKRON, Ohio — Akron-based Myers Industries Inc., a maker of polymer products for industrial, agricultural, automotive, commercial and consumer markets, is purchasing Scepter Corp. and Scepter Manufacturing L.L.C. for $165 million. The deal includes manufacturing warehouses and offices in Scarborough, Ontario and Miami, Oklahoma, according to RubberNews.com
Myers said in a news release Monday that it anticipates the deal will close in 30 days.
“The addition of Scepter is anticipated to provide Myers Industries with the opportunity to expand upon our leadership position in the Material Handling Segment, broaden our product offering and better position us for long-term growth in new markets,” said John C. Orr, president and CEO of Myers, in a written statement.
In addition, the company announced it will sell its Lawn and Garden unit as part of an overall restructuring that was launched in 2013. The company, in a press release, said it expects the sale process to be completed within the next year, but did it did not disclose the size of the Lawn and Garden business.
Local businesses support families at Daily Scholarship
CLEVELAND, Ohio — The Daily Scholarship, a new organization connecting local businesses with local families, announces its summer kick-off program: 100 Days of Scholarship Summer! Beginning June 12, The Daily Scholarship will award 100 entrants with a daily $250 scholarship. At the conclusion of 100 Days of Scholarship Summer, one entrant will receive a $2,500 scholarship.
The Daily Scholarship offers scholarships appealing to all ages and for a wide variety of schools, extra-curricular activities and savings. The Daily Scholarship partners with dozens of area businesses already helping local families by offering scholarships. For more information visit thedailyscholarship.com.
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