Myers Industries Initiates Optimization Program In Its Material Handling Segment

AKRON, Ohio--(Business Wire)--
Myers Industries, Inc. (NYSE: MYE) today announced that it is initiating a
manufacturing optimization program in the Company`s Material Handling Segment.
This program is aimed at reducing costs, increasing competitive positioning and
enhancing long-term operating performance. As a result, the Company anticipates
pre-tax savings of approximately $13 to $16 million on an annualized run-rate
basis, with approximately 20% of the savings beginning to appear in the second
half of 2009. The Company expects to incur pre-tax cash expenses of
approximately $5 to $7 million in 2009.

President and Chief Executive Officer John C. Orr commented, "As with the
project in our Lawn and Garden Segment, our objectives are to become more
disciplined in our operational effectiveness, reduce costs and drive profitable
growth in our Material Handling Segment for the benefit of our customers,
employees and shareholders."

Key action areas of the program include: streamlining manufacturing processes
and workflows, expanding forecasting and inventory management programs, and
improving raw material utilization to reduce cost and waste. The program will
also implement new technologies to strengthen the Company`s sales team and their
solutions-driven selling processes. The Company expects the program to further
position its leadership brands, Buckhorn® and Akro-Mils®, as premier suppliers
of reusable containers and related material handling products to better serve
customers` needs.

Estimated savings and expenses could be revised as the program is implemented
throughout the remainder of 2009. Updates will be provided in the Company`s
earnings announcements.

About Myers Industries

Myers Industries, Inc. is an international manufacturer of polymer products for
industrial, agricultural, automotive, commercial and consumer markets. The
Company is also the largest wholesale distributor of tools, equipment and
supplies for the tire, wheel and undervehicle service industry in the U.S. The
Company reported 2008 net sales of $867.8 million. Visit www.myersind.com to
learn more.

Caution on Forward-Looking Statements: Statements in this release may include
"forward-looking" statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Any statement that is not of historical fact may
be deemed "forward-looking." Words such as "expect," "believe," "project,"
"plan," "anticipate," "intend," "objective," "goal," "view," and similar
expressions identify forward-looking statements. These statements are based on
management`s current views and assumptions of future events and financial
performance and involve a number of risks and uncertainties, many outside of the
Company's control, that could cause actual results to materially differ from
those expressed or implied. Factors include: changes in the markets for the
Company`s business segments; changes in trends and demands in the industries in
which the Company competes; unanticipated downturn in business relationships
with customers or their purchases; competitive pressures on sales and pricing;
raw material availability, increases in raw material costs, or other production
costs; future economic and financial conditions in the United States and around
the world; the Company`s ability to execute the components of its Strategic
Business Evolution process; and other risks as detailed in the Company`s 10-K
and other reports filed with the Securities and Exchange Commission. Myers
Industries undertakes no obligation to publicly update or revise any
forward-looking statements contained herein, which speak only as of the date
made.

Myers Industries, Inc.
Donald A. Merril, Vice President & Chief Financial Officer, 330-253-5592
or
Max Barton, Director, Corporate Communications & Investor Relations,
330-253-5592

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