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Myers Industries Approves Acquisition by Private Equity Firm
July 23, 2007
Shareholders of Myers Industries, Inc., Akron, OH, has approved the plan of merger, where Myers Holdings Corp., controlled by GS Capital Partners, would acquire the polymer product manufacturer and distributor of tools, equipment and supplies for $1.1 billion, including the assumption of debt.   ; The company had sales of $780 million in 2006.   ; GS Capital Partners is part of Goldman Sachs & Co.'s Principal Investment Area in the Merchant Banking division.