Myers Industries Acquires Tuffy Manufacturing Industries
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Myers Industries Inc. has acquired the assets of Tuffy Manufacturing Industries Inc., a warehouse distributor of tire repair equipment and supplies.
Terms were not disclosed.
The acquisition will help Myers grow in key markets and focus on strategic account customers, the company said in an Aug. 26 press release.
Tuffy was founded in 1964 in Akron, Ohio. The company provides automotive and heavy-duty truck service-related parts, tools and accessories to tire dealers, retreaders and the trucking industry.
Myers officials said Tuffy will operate as part of Myers Tire Supply. Tuffy’s sales for the trailing 12 months ended June 30 were approximately $20 million.
Myers CEO Dave Banyard said the transaction shows how Myers intends to deploy capital for acquisitions and create near- and long-term value for shareholders.
Located in Akron, Myer is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The company distributes tools, equipment and supplies for the tire, wheel and under-vehicle service industry in the U.S. — Transport Topics
