Myers Industries acquires Mohawk Rubber Sales for $25.5M; adds four distribution centers

MYERS INDUSTRIES INC

Purchase price of $25.5 million financed via revolving credit facility, subject to customary adjustments.
Mohawk's 2021 revenue was approximately $65 million; acquisition expected to be accretive to earnings in 2023.
Adds four distribution centers in Hingham MA, Alpharetta GA, Salt Lake City UT, and Houston TX.
Strengthens Myers' Distribution Segment with complementary geographic coverage and growth synergy opportunities.
Transaction funded through existing revolving credit facility; Mohawk will be integrated into Distribution segment.

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