MYERS INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
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ITEM 2. Properties
The following table sets forth certain information with respect to each of the Company's principal properties owned and facilities leased by the Company as of December 31, 2023:
| Business Location | Segment | Principal Use | Owned/Leased | Lease Expiration |
|---|---|---|---|---|
| Akron, Ohio | Corporate/Distribution | Administration and distribution center | Owned | N/A |
| Akron, Ohio | Material Handling/Corporate | Administration and warehousing | Owned | N/A |
| Miami, Oklahoma | Material Handling | Manufacturing and distribution | Owned | N/A |
| Roanoke Rapids, North Carolina | Distribution | Manufacturing and distribution | Owned | N/A |
| Scarborough, Ontario | Material Handling | Manufacturing and distribution | Owned | N/A |
| Springfield, Missouri | Material Handling | Manufacturing and distribution | Owned | N/A |
| Wadsworth, Ohio | Material Handling | Manufacturing and distribution | Owned | N/A |
| Mixco, Guatemala | Distribution | Distribution center | Leased | Month to Month |
| Juan Diaz, Panama | Distribution | Distribution center | Leased | Month to Month |
| Cuyahoga Falls, Ohio | Distribution | Distribution center | Leased | 2024 |
| Littleton, Colorado | Material Handling | Manufacturing and distribution | Leased | 2024 |
| Middlebury, Indiana | Material Handling | Manufacturing and distribution | Leased | 2024 |
| San Salvador, El Salvador | Distribution | Distribution center | Leased | 2024 |
| Alliance, Ohio | Material Handling | Warehousing | Leased | 2025 |
| Atlantic, Iowa | Material Handling | Manufacturing and distribution | Leased | 2025 |
| Houston, Texas | Distribution | Sales and distribution center | Leased | 2025 |
| White Pigeon, Michigan | Material Handling | Manufacturing and distribution | Leased | 2025 |
| Bristol, Indiana | Material Handling | Manufacturing and distribution* | Leased | 2026 |
| Midland, Michigan | Corporate | Administration | Leased | 2026 |
| Salt Lake City, Utah | Distribution | Sales and distribution center | Leased | 2026 |
| Decatur, Georgia | Material Handling | Manufacturing and distribution | Leased | 2027 |
| South Bend, Indiana | Material Handling | Manufacturing and distribution | Leased | 2027 |
| Alpharetta, Georgia | Distribution | Sales and distribution center | Leased | 2028 |
| Hingham, Massachusetts | Distribution | Sales and distribution center | Leased | 2028 |
| Milford, Ohio | Material Handling | Administration and sales | Leased | 2028 |
| Pomona, California | Distribution | Sales and distribution center | Leased | 2028 |
| Southaven, Mississippi | Distribution | Distribution center | Leased | 2028 |
| Springfield, Missouri | Material Handling | Warehousing | Leased | 2028 |
| Ridgefield, Washington | Material Handling | Manufacturing and distribution | Leased | 2029 |
| South Beloit, Illinois | Material Handling | Manufacturing and distribution | Leased | 2031 |
| Alliance, Ohio | Material Handling | Manufacturing and distribution | Leased | 2032 |
| Alliance, Ohio | Material Handling | Manufacturing and distribution | Leased | 2032 |
| Bristol, Indiana | Material Handling | Manufacturing and distribution | Leased | 2036 |
*This facility has been idled as more fully described in Part II, Note 6 to the consolidated financial statements
The Company also leases facilities for its sales offices and sales branches in the United States and Central America. All of these locations are used by the Distribution Segment.
The Company believes that all of its properties, machinery and equipment generally are well maintained and adequate for the purposes for which they are used.
The Company added additional properties with the February 2024 acquisition of Signature Systems, which include a manufacturing and distribution facility in Orlando, Florida that is leased through 2029, an administration and distribution facility in Flower Mound, Texas that is leased through 2027, and a sales and distribution facility in Darlington, UK that is leased through 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.