Myers Industries to acquire Signature Systems for $350M; EPS accretion expected from 2025

On December 29, 2023, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) among the Company, as Purchaser, Signature CR Intermediate Holdco, Inc., a Delaware corporation (“Signature”), Myers Subsidiary I, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger Sub”), certain Executory Sellers (“Executory Sellers”), and Signature Holdco, LLC, solely in its capacity as the representative of the Securityholders as set forth in the Merger Agreement (“Securityholder Representative”), pursuant to which Merger Sub will merge with and into Signature (the “Merger”), with Signature as the surviving entity under the name of Signature and the organizational documents of Merger Sub.