Myers Industries Acquisition by GS Capital Partners Expected to Close in Fourth Quarter

AKRON, Ohio--Myers Industries, Inc. announced today that the Company’s acquisition by GS Capital Partners is now expected to close in the fourth quarter of 2007, but no later than December 15, 2007, as provided for in the Agreement and Plan of Merger.

A final step in closing of the transaction is the financing marketing period. The Agreement provides GS Capital Partners with the ability to determine the timing for the financing marketing period dependent on conditions in the credit markets.

On July 23, 2007, the Company announced that its shareholders voted at a special meeting to approve the acquisition for cash consideration of $22.50 per share, or total consideration, including the assumption of debt, of approximately $1.1 billion. Myers Industries reported that approximately 68.8 percent of its outstanding shares, representing approximately 24.2 million shares, were cast in favor of the merger.

About Myers Industries

Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire, wheel, and undervehicle service industry in the U.S. The Company reported record net sales from continuing operations of $780.0 million in 2006. Visit www.myersind.com to learn more.

Caution on Forward-Looking Statements: Statements in this release may include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed "forward-looking."

Words such as “expect,” “believe,” “project,” “plan,” “anticipate,” “intend,” “objective,” “goal,” “view,” and similar expressions identify forward-looking statements. These statements are based on management’s current views and assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside of the Company's control, that could cause actual results to materially differ from those expressed or implied. Factors include, but are not limited to: changes in the markets for the Company’s business segments; changes in trends and demands in the industries in which the Company competes; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; raw material availability, increases in raw material costs, or other production costs; future economic and financial conditions in the United States and around the world; the Company’s ability to integrate acquisitions over time; the Company’s ability to execute the components of its Strategic Business Evolution process; and other risks as detailed in the Company’s 10-K and other reports filed with the Securities and Exchange Commission. Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein, which speak only as of the date made.