We are advising Myers Industries on the acquisition

Davis Polk is advising Myers Industries, Inc. on its acquisition of Signature Systems. Myers will acquire Signature for a total consideration of approximately $350 million, subject to customary adjustments. The transaction is expected to close in the first quarter of 2024.

Based in Akron, Ohio, Myers Industries is a manufacturer of a wide range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The company is also the largest distributor of tools, equipment and supplies for the tire, wheel and under-vehicle service industry in the United States.

Based in Flower Mound, Texas, Signature Systems manufactures and distributes composite matting ground protection for industrial applications, stadium turf protection and temporary event flooring.

The Davis Polk corporate team includes partner Evan Rosen, counsel Lisa Ogust Cammer and associate Jessica Poggi. The tax team includes partners Michael Mollerus and Dominic Foulkes. Partner Kyoko Takahashi Lin is providing executive compensation advice. Partner Robert F. Smith is providing finance advice. Partner Ronan P. Harty and counsel Mark K. Marks are providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and London offices.