secwatch.observer — SEC 8-K summary
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Issuer:     MYERS INDUSTRIES INC (MYE)
CIK:        0000069488
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0000950170-22-010983
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69488/000095017022010983/0000950170-22-010983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69488/000095017022010983/mye-20220531.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-010983

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