The 2020 Mid-Year Economic Update_long

Myers Industries Sells Lawn & Garden Business

Private equity firm buys division from company for $110 million.

Myers Industries Inc. (NYSE: MYE), Akron, OH, has completed the sale of its lawn & garden business for $110 million to an entity controlled by Wingate Partners V LP, a Dallas, TX-based private equity firm.

The sale includes manufacturing facilities and offices located in Twinsburg, OH, Middlefield, OH, Sparks, NV, Sebring, FL, Brantford, ON and Burlington, ON.

The lawn & garden business was moved to discontinued operations as of the second quarter of 2014 and had annual net sales of approximately $188 million. 

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