Myers Industries Acquires Mohawk Rubber Sales of New England Inc.

June 1, 2022

Myers Industries (NYSE: MYE) acquired the assets of Mohawk Rubber Sales of New England Inc., a leading auto aftermarket and tire repair distributor headquartered in Hingham, Massachusetts. The acquisition, financed with Myers' revolving credit facility, adds four distribution centers and ~$65M of 2021 revenue to Myers' Distribution segment to expand geographic coverage, improve supply chain scale, and capture cost and growth synergies.

Buyers
Myers Industries, Inc.
Targets
Mohawk Rubber Sales of New England Inc.
Sellers
Mohawk Rubber Sales of New England Inc., Brian McGeoghegan (owner)
Location
Massachusetts, United States
Transaction Type
Buyout

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