Myers Industries completes $30M sale of Myers Tire Supply to Lion Equity Partners

MYERS INDUSTRIES INC

Sold Myers Tire Supply (MTS) North America business to Lion Equity Partners for $30M, subject to customary post-closing adjustments.
Divestiture includes MTS subsidiaries Myers Tire Supply Distribution, DSS Direct, and MyersTireSupply.com.
Transaction advances Focused Transformation into engineered resin/composite products for infrastructure, industrial, consumer, food/beverage, vehicle markets.
36-month non-compete/non-solicitation restrictions, with carve-outs for certain international subsidiaries and Patch Rubber Company.
KeyBanc served as exclusive financial adviser; Vorys, Sater, Seymour and Pease as legal adviser.

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