Myers Industries Purchases Assets of Schoeller Arca

March 8, 2007

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NEWS RELEASE - Myers Industries announced the purchase of strategic assets from Shoeller Arca Systems, a manufacturer of reusable bulk containers and related material handling products, based in Detroit, Michigan.

John Orr, president and chief exacutive officer of Myers Industries, said, "The Xytek and Combo lines are a great fit in our North American Material Handling Segment.  We are gaining strategic products and markets that are highly complementary to our Buckhorn business.

"This is an opportunistic move to enhance our brand leadership and to expand our bulk container product line for unmatched selection.  It will also allow us to deepen relationships with customers, further positioning Buckhorn as the reusable packaging and material handling solutions provider with the best resources to reduce their supply chain costs."