Myers Industries, a manufacturer of polymer products for the industrial, agricultural and automotive markets, said Thursday it will buy certain assets of Schoeller Arca Systems North America.
Schoeller is a manufacturer of reusable bulk containers and related material handling products, based in Detroit, and is a division of Schoeller Arca Systems NV, a Netherlands-based manufacturer of plastic packaging for material handling applications.
The purchase includes select equipment, molds, and inventory related to the Xytec and Combo product lines. These collapsible bulk containers are used for shipping and handling applications in markets from manufacturing to food to liquid transport. Xytec and Combo products will be integrated into Myers' Buckhorn brand, part of the company’s North American Material Handling Segment.
Net sales in these product lines for Schoeller Arca for the year ended December 31, 2006, were approximately $50.0 million.
“The Xytec and Combo lines are a great fit in our North American Material Handling Segment," said John C. Orr, president and chief executive officer of Myers. "It will also allow us to deepen relationships with customers, further positioning Buckhorn as the reusable packaging and material handling solutions provider with the best resources to reduce their supply chain costs.”