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

Association for Talent Development recognizes proven practices that have delivered measurable business results.

Straying from its typical seasonal trajectory, United States-bound waterborne shipments dipped from March to April, according to data recently issued by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Agidens is the new company name of the former Egemin divisions that will continue together after the sale of the Handling Automation division to the KION Group in May.

A well-designed driver wellness program could make the job more attractive and help alleviate driver turnover.

The quest to boost worker productivity and improve customer fulfillment is driving materials handling professionals to increase strategic investments in advanced warehouse mobility solutions. Just where and why are these investments being made?



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