Myers Industries Announces Proposed Public Offering of Common Stock

AKRON, Ohio–(BUSINESS WIRE)–Myers Industries, Inc. (NYSE: MYE) today announced that it has commenced
an underwritten public offering of 3,750,000 shares of its common stock.
All of the shares are being offered by Myers. In addition, Myers intends
to grant to the underwriters a 30-day option to purchase up to an
additional 562,500 shares of its common stock offered in the public
offering, on the same terms and conditions. The offering is subject to
market and other conditions, and there can be no assurance as to whether
or when the offering will be completed, or as to the actual size or
terms of the offering.

Myers intends to use the net proceeds from the offering to fund growth
of its business, including through selective acquisitions, to repay a
portion of its outstanding indebtedness and for other general corporate
purposes.

J.P. Morgan Securities LLC is acting as sole active book-running manager
for the offering and as representative of the underwriters. Baird is
also acting as a book-running manager for the offering.

A registration statement relating to the shares was previously filed
with, and was declared effective by, the Securities and Exchange
Commission on October 30, 2017. The offering is being made solely by
means of a prospectus supplement and the accompanying prospectus. A
preliminary prospectus supplement and accompanying prospectus relating
to the offering will be filed with the Securities and Exchange
Commission and will be available on the Securities and Exchange
CommissionÔÇÖs website located at http://www.sec.gov.
A copy of the preliminary prospectus supplement and accompanying
prospectus relating to the offering, when available, may be obtained
from: J.P. Morgan Securities LLC c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866)
803-9204, or by email at [email protected].

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About Myers Industries

Myers Industries, Inc. is an international manufacturer of polymer
products for industrial, agricultural, automotive, commercial and
consumer markets. Myers is also a distributor of tools, equipment and
supplies for the tire, wheel and under-vehicle service industry in the
United States.

Forward-Looking Statements

Statements in this release may include ÔÇ£forward-lookingÔÇØ statements
within the meaning of the Private Securities Litigation Reform Act of
1995, such as those, among others, relating to MyersÔÇÖ expectations
regarding the completion of the proposed public offering and its
anticipated use of proceeds from the offering. Actual results or
developments may differ materially from those projected or implied in
these forward-looking statements. Factors that may cause such a
difference include, without limitation, risks and uncertainties related
to whether or not Myers will be able to raise capital through the sale
of shares of common stock, the final terms of the proposed offering,
market and other conditions, the satisfaction of customary closing
conditions related to the proposed public offering and the impact of
general economic, industry or political conditions in the United States
or internationally. There can be no assurance that Myers will be able to
complete the proposed public offering on the anticipated terms, or at
all. You should not place undue reliance on these forward-looking
statements, which apply only as of the date of this press release.
Additional risks and uncertainties relating to the proposed offering,
Myers and its business can be found under the heading "Risk Factors" in
the preliminary prospectus supplement (and documents incorporated by
reference therein) related to the proposed public offering filed with
the Securities and Exchange Commission. Myers expressly disclaims any
obligation or undertaking to release publicly any updates or revisions
to any forward-looking statements contained herein to reflect any change
in its expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based.

Contacts

Myers Industries, Inc.
Monica Vinay, 330-761-6212
Vice
President, Investor Relations & Treasurer