---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-012759"
form_type: "8-K"
ticker: "MYE"
cik: "0000069488"
company_name: "MYERS INDUSTRIES INC"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:02:46.136852+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Myers Industries completes $350M acquisition of Signature Systems, funded with new term loan A

## Summary
- Cash transaction of $350M; funded via $250M revolver and $400M term loan A ($50M above initial plan).
- Pro forma net leverage ~3.0x; expected to drop below 2.0x within two years using free cash flow.
- Signature expected to deliver $0.20-$0.30 EPS accretion in 2025 and $0.40-$0.50 in 2026.
- Annualized run-rate synergies of $8M to be fully captured by 2025.
- Signature's results to be reported within Myers' Material Handling segment.

## SEC filing metadata
- accession: 0000950170-24-012759
- form_type: 8-K
- ticker: MYE
- cik: 0000069488
- company_name: MYERS INDUSTRIES INC
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69488/000095017024012759/0000950170-24-012759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69488/000095017024012759/mye-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-012759
- JSON: https://secwatch.observer/filing/0000950170-24-012759.json
- Plain text: https://secwatch.observer/filing/0000950170-24-012759.txt

## Key facts
- M&A Transactions
  MYERS INDUSTRIES INC completed an acquisition involving Signature CR Intermediate Holdco, Inc. for $350,000,000 (closed 2024-02-08).
  - Action: acquisition
  - Counterparty: Signature CR Intermediate Holdco, Inc.
  - Consideration: $350,000,000
  - Closing: 2024-02-08
  source text: “Merger”), with Signature as the surviving entity in the Merger. Pursuant to the terms of the Merger Agreement, the Company acquired Signature for aggregate consideration of $350,000,000. The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/69488/000095017024012759/0000950170-24-012759-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.