Myers Industries, Inc. was founded in Akron, Ohio, in 1933. Since then, the
Company has grown from a small storefront distributing tire service supplies
into an international manufacturing and distribution enterprise. In 1971, the
Company went public, and the stock is traded on the New York Stock Exchange
under the ticker symbol MYE.
Serving customers around the world, Myers Industries’ brands provide
safety and efficiency solutions to a wide variety of customers in diverse niche
markets. Myers Industries diverse products and solutions help customers improve
shop productivity with point of use inventory, store and transport products
more safely and efficiently, improve sustainability through reuse, lower overall
material handling costs, improve ergonomics for their labor force, eliminate
waste and ultimately increase profitability. Myers Industries’ employees
think and act like owners, implementing long term improvements both internally
and at their customers.
The Company’s business strategy is guided by the following key operating
principles: 1) Niche Market Focus, 2) Flexible Operations, and 3) Strong Cash
Flow Growth. Applying these principles to our business, management emphasizes:
Customer intimacy - #1 or #2 in each served market;
Strong brands;
Process driven, simplified, lean operating principles;
Manufacture only high value-added components and products;
Asset light business model; and
Cash return on investment.
The Company continually reviews its segments and brands for strategic fit and
growth potential. The review process is dedicated to furthering innovation and
brand leadership in niche markets, building strong customer relationships and
positioning the Company for strong financial performance.
The Lawn and Garden business served the North American horticulture market
with plastic products such as seedling trays, nursery products, hanging baskets,
custom print containers as well as decorative resin planters.
In our Material Handling Segment, we design, manufacture, and market a variety
of plastic and metal products. These range from plastic reusable material handling
containers and small parts storage bins to plastic RV tanks and parts, marine
tanks and parts, portable plastic fuel tanks and water containers, portable
marine fuel containers, ammunition containers, storage totes, bulk shipping
containers, beverage crates and metal carts and cabinets. The Material Handling
Segment conducts operations in the United States, but also operates in Brazil
and Canada. Markets served encompass various niches of industrial manufacturing,
food processing, retail/wholesale products distribution, agriculture, automotive,
recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics,
textiles, consumer, and others. Products are sold both directly to end-users
and through distributors.
The Distribution Segment is engaged in the distribution of tools, equipment
and supplies used for tire, wheel and undervehicle service on passenger, heavy
truck and off-road vehicles and the manufacturing of tire repair materials and
custom rubber products. The product line includes categories such as tire valves
and accessories, lifts and alignment equipment, service equipment and tools,
and tire repair/retread supplies. The Distribution Segment operates domestically
through sales offices, and four regional distribution centers in the United
States and in foreign countries through export sales. In addition, the Distribution
Segment operates directly in certain foreign markets, principally Central America,
through foreign branch operations. Markets served include retail and truck tire
dealers, commercial auto and truck fleets, auto dealers, general service and
repair centers, tire retreaders, and government agencies.
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