Item 1.01 Entry into a Material Definitive Agreement.

On November 10, 2020, a definitive asset purchase agreement ("Agreement") was entered into by and among Myers Industries Indiana LLC, an Indiana limited liability company ("Buyer") and a wholly-owned subsidiary of Myers Industries, Inc. (the "Company"), Elkhart Plastics, Inc., an Indiana corporation, Elkhart Plastics International, Ltd., an Indiana corporation, Elkhart Plastics of Iowa, Inc., an Indiana corporation, Elkhart Plastics of Michigan, Inc., an Indiana corporation (collectively, "Seller"). Pursuant to the Agreement, Buyer acquired the rotational molding business of Seller ("Business") by acquiring all of Seller's right, title and interest in and to substantially all of Seller's assets, properties, rights, contracts and claims other than certain excluded assets, for a purchase price of USD $62.5 million payable in cash, subject to customary working capital adjustments and assumption of certain liabilities of Seller. The Agreement contains certain customary representations, warranties, covenants and agreements.

Item 7.01 Regulation FD Disclosure.

On November 10, 2020, the Company issued a press release announcing the execution and closing of the Agreement and acquisition of the Business of Seller. The full text of the Company's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d)   Exhibits.



    Exhibit
    Number       Description

    99.1           Press Release dated November 10, 2020

    104          Cover Page Interactive Data File (embedded within the Inline XBRL
                 document)

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