Subscribe to our free, weekly email newsletter!


Myers Industries completes acquisition of Brazil’s Plasticos Novel

Novel will become part of the company's materials handling segment with Akro-Mils, Buckhorn and Myers do Brasil.
By Modern Materials Handling Staff
July 12, 2012

Myers Industries, Inc. recently announced that it has completed the previously announced acquisition of Brazil’s Plasticos Novel S.A.

The purchase price was $27.5 million, subject to certain adjustments.  Additional terms of the acquisition were not disclosed.

Novel, with projected sales of approximately $38.0 million for 2012, is Brazil’s leading designer and manufacturer of reusable plastic crates and totes used for closed-loop shipping and storage in the region’s fast-growing food and agriculture industries.  Novel also produces a diverse range of plastic industrial safety products.  With strong relationships to major international companies in its markets, Novel complements Myers Industries’ existing materials handling business in Brazil and aligns with the Company’s material handling and geographic growth strategy. 

Novel will become part of Myers Industries’ Material Handling Segment.  Businesses in this segment include North America-based Buckhorn, a leading manufacturer of reusable bulk containers and totes; Akro-Mils, a leader in plastic bins and storage systems; and Myers do Brasil, located in São Paulo state, Brazil, which produces bulk containers and totes for agriculture and manufacturing markets in the region.

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Company's multi-tenant SaaS solution enables quick onboarding of new trading partners and omni-channel capabilities.

The Institute for Supply Management’s (ISM) August edition of the Manufacturing Report on Business saw its PMI, the ISM’s index to measure growth, fall 1.6 percent to 51.1, following a 0.8 percent decline to 52.7 in July. Even with the relatively slow growth over the last two months, the PI has been at 50 or higher for 31 consecutive months.

Global demand remains stable as packaging equipment providers of all sizes shift focus.

Pack Expo 2014 grew five times faster than the average trade show.

Don’t overlook these key strategies when taking ownership of a highly automated system for your company’s warehouse.



© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA