Ameri-Kart Corp. Acquires Ohio Rotational Molding Company.BRISTOL, Ind.--(BUSINESS WIRE)--Aug. 4, 1998--Ameri-Kart Corp. has acquired for cash, all outstanding shares of privately-held Sherwood Plastics, Inc., of Fostoria, Ohio Fostoria is a city located in Hancock, Seneca, and Wood Counties in the northwestern part of the U.S. state of Ohio. It is approximately 40 miles south of Toledo and 90 miles north of Columbus. The population was 13,931 at the 2000 census. . Sherwood will become part of Ameri-Kart, a Myers Industries company. Terms of the acquisition have not been released. Founded in 1966, Sherwood Plastics manufactures products with applications in transportation, medical, recreation, consumer, and environmental industries. The company specializes in rotational molding Rotational molding or moulding is a versatile process for creating many kinds of mostly hollow plastic Parts. The phrase is often shortened to rotomolding or rotomoulding. technology. "Sherwood is a well-run, well-equipped company that will give us a strong presence in several markets that we do not currently serve," said Eric Gottuso, president of Ameri-Kart Corp. "We are pleased to include them in our group." Sherwood management and employees have agreed to remain with the company following the change of ownership. Ameri-Kart Corp. is a Myers Industries, Inc. (AMEX AMEX See: American Stock Exchange :MYE MYE Methodist Youth Executive MYE Man-Year Equivalent ) company and manufactures waste and material handling carts and custom molded mold 1 n. 1. A hollow form or matrix for shaping a fluid or plastic substance. 2. A frame or model around or on which something is formed or shaped. 3. Something that is made in or shaped on a mold. products with industrial, commercial, and transportation applications.
CONTACT: Ameri-Kart Corp.
Eric Gottuso, 419/435-1811
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