Benzinga | Mar 22, 2021 08:37AM EDT

Myers Industries Announces Price Increases Ranging Between 9%-12% Effective April 1

Myers Industries, Inc. (NYSE:MYE), a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced additional price increases ranging between 9% and 12% effective April 1, 2021. The increases will be implemented across most of the Company's portfolio of products in the Material Handling Segment, including those sold by Akro-Mils, Ameri-Kart, Buckhorn, Elkhart Plastics, Jamco Products, and Scepter. The price increases are in response to continued increases in raw material costs, primarily resin and steel. The Company previously announced an 8% price increase effective March 1, 2021.