US-based Myers Industries, Inc. has announced the sale of WEK Industries, Inc. to Toledo Molding & Die, Inc.(TMD), a portfolio company of private equity firm, Industrial Opportunity Partners. Financial details of this transaction have not been disclosed.
WEK Industries, Inc. provides engineered blow molded components and assemblies to the automotive industry, with locations in Jefferson, Ohio and Reidsville, North Carolina.
TMD is a full-service automotive supplier that designs, develops and manufactures highly engineered thermoplastic components and assemblies, including interior cockpit modules and air and fluid management products.
Myers Industries, Inc. acquired WEK Industries Inc. in 2004. The company manufactures and distributes polymer products for the industrial, agricultural, automotive, commercial and consumer markets primarily in North, Central and South America.
Oaklins' team in Cleveland served as financial advisor to Myers Industries, Inc. in this transaction.
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