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Myers Industries to Acquire RB Manufacturing Co.

13 September 2000

Myers Industries to Acquire RB Manufacturing Co.

    AKRON, Ohio--Sept. 13, 2000--Myers Industries, Inc. (AMEX:MYE) has agreed to purchase for cash all outstanding shares of RB Manufacturing Company of Sandusky, Ohio. RB is a well-known manufacturer of metal material handling carts and also produces wooden carts under the Dura Products brand name. The acquisition is expected to close in early October. Terms of the deal were not disclosed.
    Sales for RB Manufacturing were approximately $7 million in 1999. RB designs and produces nearly 300 cart products, including platform trucks, portable shelf carts, and hand trucks for industrial and warehouse operations, as well as specialty carts and racks for garden centers and nurseries. RB has one manufacturing facility and employs 70 people.
    "RB is a good fit in our manufacturing segment," said Stephen E. Myers, president and chief executive officer of Myers Industries. "Its products strengthen our material handling cart offering and will help us to expand our opportunities in industrial and commercial markets."
    The purchase is consistent with Myers Industries' practice of responding to opportunities that broaden the Company's range of products and capabilities, extend reach to new customers, and provide good potential for growth