Myers Industries To Buy Michigan Rubber Products and WEK Industries - aftermarketNews

Myers Industries To Buy Michigan Rubber Products and WEK Industries

Myers Industries has signed an agreement to acquire the stock of two companies that supply rubber and plastic products to the automotive industry. Myers is set to acquire Michigan Rubber Products and WEK Industries, which had combined net sales of approximately $60 million in 2003. The transaction is expected to close in early March, subject to customary conditions of closing.

AKRON, OH — Myers Industries has signed an agreement to acquire the stock of two companies that supply rubber and plastic products to the automotive industry.

Myers is set to acquire Michigan Rubber Products and WEK Industries, which had combined net sales of approximately $60 million in 2003. The transaction is expected to close in early March, subject to customary conditions of closing.

Michigan Rubber Products manufactures engineered rubber products for the automotive industry in four categories: engine air induction hoses and assemblies, noise vibration dampers, tubing components, and static seals and gaskets. WEK Industries manufactures engineered plastic blow molded components for the automotive market as well as the motorcycle and all-terrain vehicle markets.

To learn more about Myers Industries, visit: www.myersind.com.

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