Myers Industries Inc. (MJF)

Overview

Myers Industries, Inc., established in 1933 and headquartered in Akron, Ohio, is a prominent company engaged in the distribution of tire service supplies within the state of Ohio. The company operates through two main segments: The Material Handling and The Distribution. The Material Handling segment caters to a variety of industries by offering products such as pallets, bins, shipping containers, and custom plastic products for storage, organization, and transportation needs. Meanwhile, the Distribution segment focuses on providing tools, equipment, and supplies necessary for tire, wheel, and under-vehicle service for a wide range of vehicles. Myers Industries prides itself on its ability to serve industries like industrial manufacturing, food processing, automotive, healthcare, and more through its extensive brand portfolio, including Akro-Mils, Jamco, Buckhorn, and many others. This broad customer base includes retail and truck tire dealers, auto dealers, service and repair centers, and government agencies, underscoring the company’s pivotal role in its served markets.

Products and Services

• Material Handling Products: This encompasses a wide range of storage and transportation solutions, including pallets, small parts bins, bulk shipping containers, and OEM (Original Equipment Manufacturer) parts. The segment also specializes in creating custom plastic products tailored to specific customer needs. These offerings find applicability in diverse markets such as industrial manufacturing, food processing, retail distribution, and agriculture.

• Consumer Fuel Containers and Tanks: These products are designed for water, fuel, and waste handling, catering to the needs of automotive, recreational, marine vehicles, and other sectors. They involve the use of advanced manufacturing techniques such as injection molding, rotational molding, or blow molding.

• Automotive Service Distribution: Myers Industries offers a comprehensive range of tools, equipment, and supplies aimed at tire, wheel, and undervehicle service for passenger and heavy trucks as well as off-road vehicles. This includes the manufacture and sale of tire repair materials, custom rubber products, and reflective highway marking tapes. Brands under this segment include Myers Tire Supply, Tuffy Manufacturing, and MTS, among others. This segment specifically serves retail and truck tire dealers, commercial auto and truck fleets, and government agencies, providing crucial products for tire re-treading and general automotive service and repair.