DAILY NEWS Jul 7, 2014 12:02 PM - 0 comments

Myers Industries concludes purchase of Toronto-based Scepter

TEXT SIZE bigger text smaller text

U.S.-based plastics products maker Myers Industries Inc. has completed its $157 million acquisition of Canada’s Scepter Corp. and Scepter Manufacturing LLC.


Toronto-based Scepter blow molds and injection molds plastic material handling products for various markets including marine, industrial, consumer, and the military.


The deal was announced last month, and also comprises warehouses, manufacturing facilities, and offices in Toronto and Miami, Okla.


Scepter generated net sales of about $100 million in 2013. According a Myers new release, the acquisition will result in about $2 million per year in material cost savings and plant efficiencies.


Scepter was founded in 1949 by Evald Torokvei, and began as a manufacturer of inflatable vinyl toys.

Horizontal ruler

Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Canadian Plastics has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields