Akron maker of rubber and plastics products Myers Industries Inc. plans to expand its plant in Geauga County and add an expected 65 full-time jobs, with the help of a tax credit from the state.
A spokeswoman for the Department of Development said the state is no longer calculating estimated values of tax credits. Myers received a 40 percent, seven-year job creation tax credit on Monday.
Myers [NYSE: MYE] acquired the Geauga facility — in the village of Middlefield — in 1999, when it bought the assets and operations of Dillen Products Co.
The purchase of Dillen — a maker of plastic pots, trays, bowls and planters — gave Myers a wider product line and customer base for its growing lawn and garden segment.
The new jobs are expected to generate $2 million in additional annual payroll. The existing annual payroll is $11 million at Middlefield.
Also Monday, the tax credit authority OK’d a tax credit for TTI Floor Care North America in the Cleveland suburb of Glenwillow that will help finance an expansion expected to create 212 full-time jobs.
TTI Floor Care North America bought the former Hoover Co. of North Canton in 2007 and combined Hoover operations with its existing Dirt Devil and Royal Appliance facility in Glenwillow.
TTI received a 60 percent, seven-year job creation tax credit. It is expected to generate an additional $12.4 million in additional annual payroll. The plant’s current yearly payroll is $20 million.
About a year ago, TTI said more than 922 people work nationwide on Hoover, Dirt Devil, Royal and commercial products, including 363 in Glenwillow.
Myers’ wide line of plastic and rubber goods includes stackable bins, trash carts and tire patches. Myers also distributes thousands of auto repair components to automobile service centers. The company’s operating units include Akro-Mils, Ameri-Kart, Patch Rubber Co. and Myers Tire Supply. Myers also makes products for the food processing and agricultural industries, among other markets.
Global employment totals more than 3,000. Locally, Myers owns the 100-plus employee Akro-Mils plant in Wadsworth, where workers make plastic and steel storage products for industrial, commercial and consumer use.
The company’s corporate headquarters are on South Main Street in Akron.