Myers buys bulk container business from Schoeller North America
The purchase includes select equipment, molds, and inventory related to the Xytec and Combo product lines. These collapsible bulk containers are used for shipping and handling applications in markets from manufacturing to food to liquid transport. Xytec and Combo products will be integrated into Myers' Buckhorn brand, part of the company’s North American Material Handling Segment.
Net sales in these product lines for Schoeller Arca for the year ended December 31, 2006, were approximately $50.0 million.
“The Xytec and Combo lines are a great fit in our North American Material Handling Segment," said John C. Orr, president and chief executive officer of Myers. "It will also allow us to deepen relationships with customers, further positioning Buckhorn as the reusable packaging and material handling solutions provider with the best resources to reduce their supply chain costs.”
Net sales in these product lines for Schoeller Arca for the year ended December 31, 2006, were approximately $50.0 million.
“The Xytec and Combo lines are a great fit in our North American Material Handling Segment," said John C. Orr, president and chief executive officer of Myers. "It will also allow us to deepen relationships with customers, further positioning Buckhorn as the reusable packaging and material handling solutions provider with the best resources to reduce their supply chain costs.”
