Myers sale will take place during fourth quarter

Sept. 11, 2007

Myers Industries Inc.'s sale to GS Capital Partners is expected to close during the fourth quarter of 2007 instead of the third quarter, the original target date.

The deal will close no later than Dec. 15, 2007, according to Myers officials.

"A final step in closing of the transaction is the financing marketing period. The agreement (between the parties) provides GS Capital Partners with the ability to determine the timing for the financing marketing period dependent on conditions in the credit markets."

GS Capital Partners plans to buy Myers for $1.1 billion.