Myers Industries Acquires Listo Products

19 August 1999

Myers Industries Acquires Listo Products; Continues Growth in Horticultural Container Business

    AKRON, Ohio--Aug. 18, 1999--Myers Industries, Inc. (AMEX:MYE) today announced that it has purchased for cash all outstanding shares of Listo Products Ltd., of Canada. Listo is a well-known manufacturer and supplier of plastic horticultural containers in North America and had 1998 net sales of approximately $12 million.
    "Through this acquisition, Myers Industries adds to its position in the horticultural market," said Stephen E. Myers, president and chief executive officer of Myers Industries. "Combined with our current line of outdoor planters and containers, Listo's indoor pots and planters complement the product base from which we service the needs of both retailers and consumers."
    Founded in 1948, Listo Products Ltd. has headquarters and manufacturing facilities in Surrey, British Columbia. The company makes injection-molded flower pots, decorative planters, window boxes, hanging baskets, bowls, and nursery containers. Listo's products are sold at retail by garden centers and mass merchandisers in Canada and the United States.
    Larry Sinitsin, president and general manager of Listo Products, said of the purchase, "We are enthused by the opportunities presented by joining Myers Industries. In this high-growth market, Myers has the resources that will help us take our business to the next level."
    The Listo purchase complements Myers' recent acquisition of the Dillen Products Companies, a leading manufacturer and distributor of plastic containers for growers at greenhouses and nurseries throughout North America. Commenting on the acquisitions, Mr. Myers said, "As we match and grow the respective strengths of Listo, Dillen, and Myers Industries, we will be able to function in all major segments of the horticultural market."
    Myers Industries, Inc., headquartered in Akron, Ohio, is an international manufacturer of polymer and metal 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 service and automotive underbody repair industry in the United States.
    Safe Harbor Statement: Statements in this press release may include forward looking statements that involve a number of risks and uncertainties that could cause actual results to materially differ from those discussed. For this purpose, any statement that is not a statement of historical fact may be deemed to be a forward-looking statement.