Item 2.05 Costs Associated with Exit or Disposal Activities.
On September 14, 2009, as part of the previously announced strategic initiatives and assessment of resources for the Material Handling segment (the "MH Segment") and Automotive and Custom segment (the "A&C Segment" and together with the MH Segment, the "Segments") of Myers Industries, Inc. (the "Company"), the board of directors of the Company approved the implementation of a consolidation of certain of the Segments' manufacturing assets (the "Consolidation"). Under the terms of the Consolidation, manufacturing facilities in the MH Segment at Shelbyville, Kentucky and in the A&C Segment at Reidsville, North Carolina will be permanently closed and certain of the production capabilities and product lines at each of these facilities will be shifted to other remaining manufacturing facilities in North America. The Consolidation is expected to result in approximately $4.5 million in annualized pre-tax savings after these initiatives have been fully implemented.
Production at both facilities is expected to cease by the end of 2009. The Consolidation is expected to result in a reduction of approximately 158 positions. The Company expects to incur costs of approximately $10.6 million in connection with the Consolidation, of which approximately $7.4 million is expected to relate to the MH Segment and approximately $3.2 million is expected to relate to the A&C Segment. The full text of the press release issued in connection with this announcement on September 14, 2009 is attached as Exhibit 99.1 to this Current Report on Form 8-K. Item 9.01. Exhibit.
99.1 Press Release dated September 14, 2009.

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