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

The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

Modern's annual lift truck issue takes a look at how CN manages mobile crane maintenance, the Top 20 lift truck suppliers, a look at the results of our annual reader survey, a state of the fuel cell market, and more.

Canada’s largest rail operator has developed a new parts management and maintenance program to reduce the downtime of mobile cranes at its intermodal terminals.

Our list grows top heavy following another big merger, but after a year of relative calm, the market is heating up once again.

With plans to buy a total of more than 1,100 lift trucks in coming months, readers share their perspectives on spending, maintenance practices and technology usage.



© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA