Myers Deal Falls Through - aftermarketNews

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
  • Tomorrow's Tech University
AftermarketNews - Babcox Media
The Business of Selling Parts
Automotive Aftermarket Manufacturing

Myers Deal Falls Through

aftermarketNews Staff
By aftermarketNews Staff
Published:

From AFX News Limited

Related Articles

AKRON, Ohio — Myers Industries Inc. said Friday private equity firm GS Capital Partners walked away from its plans to buy the rubber and plastics maker.

In April 2007, Myers agreed to a takeover by the private equity unit of Goldman Sachs Group Inc. in a deal valued at $1.1 billion

The company did not say why the deal was scrubbed. It is the latest in a string of planned private equity buyouts that have been canceled, many because the cost of borrowing increased.

Copyright 2008 AFX News Limited. All Rights Reserved.

You May Also Like

Conti-HQ
Schaeffler
Automotive Aftermarket Manufacturing

PHINIA Reports Q1 2024 Results

U.S. GAAP net sales were $863 million, an increase of 3.4% compared with Q1 2023, according to PHINIA.

Emma Henderson
By Emma Henderson
Emma Henderson is the Managing Editor of aftermarketNews and Counterman. She joined Babcox after a career as a television reporter for stations across the Midwest. Contact her at [email protected]
Published:

PHINIA Inc. reported results for the first quarter ended March 31, 2024.

First Quarter Highlights:

U.S. GAAP net sales of $863 million, an increase of 3.4% compared with Q1 2023.

Excluding $17 million of contract manufacturing sales, sales were up slightly compared to Q1 2023. Favorable pricing and currency were partially offset by lower commercial vehicle sales in Europe.

Read Full Article

More Automotive Aftermarket Manufacturing Posts
Bendix Making Changes at Indiana Manufacturing Operation

Bendix said it is transforming its distribution center into a state-of-the-art facility and consolidating dampers manufacturing into a single, larger space.

By Emma Henderson
Doleco Announces Facility Expansion in Charlotte

The 33,000-square-foot facility is strategically positioned near major transportation hubs, providing optimal access to raw materials and speeding shipment of finished goods to all U.S. markets.

By Mary DellaValle
Standard Motor Products Introduces 268 New Numbers

The release provides new coverage in 75 product categories and 80 part numbers for 2023 and 2024 model-year vehicles, SMP said.

By Mary DellaValle
MAHLE Releases 2023 Sustainability Report

MAHLE noted it made significant progress in reducing its CO2 emissions, and increasing the use of renewable electricity.

By Mary DellaValle
MAHLE Releases 2023 Sustainability Report

Other Posts

Transtar Industries Continues Rapid Product Line Expansion 

The company is now offering OE recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.

By Emma Henderson
ZF Cleans Up Metro Park for Earth Day

ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.

By Emma Henderson
ZF Cleans up Metro Park
PRT Launches 30 New Complete Strut Assemblies

The new items represent more than 10 million vehicles in new coverage, PRT said.

By Mary DellaValle
Motorcar Parts of America’s Selwyn Joffe on Core Values

Sustainability is embedded in every facet of the company’s operations, Joffe affirmed.

By aftermarketNews Staff
Motorcar Parts of America's Selwyn Joffe on Core Values