Myers Industries completed the acquisition of Signature Systems for $350m.

Myers Industries, a manufacturer and distributor of industrial products, completed the acquisition of Signature Systems, a manufacturer of composite industrial products for $350m. “We are excited to welcome the Signature team to Myers with the closing of this transaction. This acquisition strengthens our growing portfolio of market leading brands, enhances our profitability profile and demonstrates Myers’ capability as a platform for acquisitive growth. With a strong runway of future growth, due to increasing infrastructure investments over the next decade, we believe Signature’s sustainable competitive advantage, strong earnings growth, and free cashflow profile will help us accelerate EPS growth and achieve our long-term strategic objectives,” Mike McGaugh, Myers Industries CEO.