Goldman's Equity Arm Backs Out Of $794 Million Myers Takeover

``Myers Industries Inc. said that the private-equity arm of Goldman Sachs Group Inc. had backed out of its proposed $794 million acquisition of the polymer and metal products manufacturer... Myers' biggest segment by sales is lawn and garden, which is extremely dependent on the housing market and is suffering from rising raw-material costs. The firm also has exposure to the auto industry, which is poised to post its worst sales year in more than a decade in 2008.''