AKRON—Myers Industries Inc. has strengthened its distribution segment, acquiring the assets of automotive aftermarket distributor Mohawk Rubber Sales of New England Inc., including four distribution centers.
Myers, a polymer manufacturer as well as a distributor of tire shop supplies and equipment, said it has financed the deal with its revolving credit facility, but did not release other financial terms.
The acquisition brings additional scale and synergy to Myers, according to company executives, and the new D/Cs will bolster its supply chain.
Founded in 1932, Hingham, Mass.-based Mohawk Rubber Sales distributes tire-repair, retreading and related supplies across traditional and online channels. Myers will now operate Mohawk's four distribution centers, in Alpharetta, Ga.; Salt Lake City; Houston; and Hingham.
According to Myers, Mohawk posted revenues of approximately $65 million in 2021. It supports the retail, commercial and retread tire industries.