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)
- Industry
- Logistics & Distribution
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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