Vorys Represents Myers Industries Inc. and Myers Tire Supply, LLC in Sale

Vory represented Myers Industries Inc. and Myers Tire Supply, LLC in the sale of the Myers Tire Supply North America business to Lion Equity Partners, a Denver-based private equity firm specializing in corporate divestitures.  Under the terms of the agreement, Myers will receive $30 million, subject to certain customary post-closing adjustments for cash, indebtedness, net working capital and transaction expenses.

About Vorys: Vorys was established in 1909 and currently has nearly 375 attorneys in 10 offices in Ohio, Washington, D.C., Texas, Pennsylvania, California, London and Berlin.  Vorys currently ranks as one of the 200 largest law firms in the United States according to American Lawyer magazine.  

About Myers Industries: Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal Products that Protect™ for Consumer, Vehicle, Food & Beverage, Industrial and Infrastructure end markets.  Myers Industries has a rich history that is built on strong brands and innovative products. Through years of continuous product development and strategic acquisitions, the company has established itself as a leading diversified industrial company, providing customers with critical solutions that deliver exceptional value.

About Myers Tire Supply:

Founded in 1933, Myers Tire Supply is a leading distributor of tools, equipment and supplies for the tire, wheel and under-vehicle service industry, serving tire dealers, automotive service centers, commercial fleets, retreaders and other transportation-related customers throughout North America.

A copy of the press release can be found here.