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The combination of Trilogy with Myers’ Ameri-Kart and Elkhart businesses will create one of the largest rotational molding manufacturers in the United States.

PlasticsToday Staff

August 2, 2021

2 Min Read
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Myers Industries Inc. today announced that it has acquired the assets of Trilogy Plastics, a custom rotational molder specializing in high-tolerance parts and assemblies. This is Myers’ second acquisition in the last nine months and is framed by the company as part of its “One Myers” long-term strategic plan.

A manufacturer of polymer products for the industrial, agricultural, automotive, commercial, and consumer markets, Myers said that it is focused on transforming itself into a high-growth, customer-centric innovator of value-added engineered plastic solutions. The Trilogy Plastics acquisition accelerates Horizon 1 of the long-term strategy focused on value-added bolt-on acquisitions.

In November 2020, Myers acquired the assets of another consequential rotational molding company, Elkhart Plastics.

“Trilogy has an outstanding record of providing its customers high-quality, high-tolerance products and superior service, making it an excellent addition to the high-performance culture we are continually building at Myers,” said Mike McGaugh, President and CEO, in a prepared statement. “We look forward to integrating the Trilogy business into the Myers family, and continuing to grow organically and through additional acquisitions.” 

Founded in 1987, Trilogy Plastics manufactures custom products for the industrial, consumer, lawn and garden, heavy truck, medical, and other markets. The combination of Trilogy with Myers’ Ameri-Kart and Elkhart businesses will create one of the largest rotational molding manufacturers in the United States and will provide Myers’ customers with access to a more complete portfolio of diverse products, said the news release. 

Trilogy Plastics will operate as a part of the rotational molding platform within Myers’ Material Handling Segment. Headquartered in Alliance, OH, Trilogy has two US manufacturing facilities and employs approximately 265 people. Trilogy’s annual revenues are approximately $35 million, and the acquisition is expected to be slightly accretive to earnings in 2021. 

Myers expects the transaction, which was financed with its revolving credit facility, to generate cost synergies of approximately three percent of sales. These cost synergies will stem primarily from supply-chain optimization, it said. In addition, the company expects to realize growth synergies due to the broader geographic footprint created by the combined rotational molding businesses.

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