Myers Industries acquired Tuffy Manufacturing Industries.

Myers Industries, an international manufacturer of polymer products, acquired Tuffy Manufacturing Industries, a warehouse distributor of tire repair equipment and supplies. Financial terms were not disclosed. “The acquisition of Tuffy aligns with our strategy to grow in key niche markets and focus on strategic account customers,” said Dave Banyard, Myers President and Chief Executive Officer. “In line with our transformation plan, this acquisition further positions our Distribution Segment as a leader in the growing Commercial Auto and Truck Fleet market and is expected to immediately have a positive impact on the segment’s EBITDA margin. At a mid-single-digit purchase price multiple, this transaction is a great example of how we intend to deploy our capital for acquisitions and create both near-term and long-term value for our shareholders.”