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Myers Industries Closing Three Plants; 437 To Lose Jobs

Plants will close in Brampton, Ontario, Lugoff, S.C. and Dawson Spring, Ky.; production from the facilities will be transferred to other Myers operations in North America.

AKRON, Ohio - Myers Industries, Inc., a manufacturer of polymer products, announced Friday the consolidation and closing of three production facilities in its Lawn and Garden and North American Material Handling Segments, affecting approximately 437 employees.

Two facilities will close in the Lawn and Garden Segment, the Kord products plants in Brampton, Ontario and Lugoff, S.C. The plants employ about 170 and 72 people, respectively, and are scheduled to close by the end of 2007.

The plants, which produce nursery containers, specialty retail horticultural products, and custom plastic products, were part of  Myers’ acquisition of ITML Horticultural Products in January 2007. 

Another facility will close in the North American Material Handling Segment in Dawson Springs, Ky. The injection-molding plant produces plastic reusable hand-held containers and employed about 95 people. It is expected to close by the end of 2007.

Production from the facilities will be transferred to other Myers Industries operations in North America. Myers is planning to make severance and outplacement support available to affected employees.

The consolidation is part of Myers’ previously discussed operating strategy and assessment of resources to balance capacity, and to strengthen its competitiveness in strategic markets.

Myers Industries expects to incur total costs of about $8.4 million before tax in connection with the consolidations.

Myers reported net sales from continuing operations of $780.0 million in 2006.
 
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