2013-02-13, 10:35 |
Milacron LLC, a global plastics industry leader and provider of premium fluids to the metalworking industry, and Mold-Masters, a leading global hot-runner manufacturer with a strong presence in North America, Europe and Asia, recently announced they are combining to form a leading global solutions provider positioned to serve the full range of customer needs. Milacron is backed by its private equity investor CCMP Capital Advisors. The transformative transaction is expected to create a rapidly growing company with world-class capabilities across five businesses: Milacron (Plastics Machinery), Mold-Masters (Hot Runners), DME (Mold Base Technologies), Aftermarket (Parts and Service) and CIMCOOL® Fluid Technology (Metalworking Fluids and Services). Each business is to continue to focus on the unique, value-added solutions they bring to their respective customers while leveraging the tremendous synergies that exist among all the businesses. The combined entity is reported to provide its customers with market-leading technologies, superb global engineering and R&D leadership. Through their complementary product lines, Milacron and Mold-Masters shall be able to offer a broader portfolio of exceptional products and services, providing solutions for customers’ complex plastics needs. In addition, with enhanced financial and operational strength, reduced cyclicality, and a diverse international footprint with a strong market position in hot runners in Asia, the combined company is expected to have greater opportunities for global expansion. Under the terms of the transaction, Milacron will acquire 100% of the shares of Mold-Masters for an enterprise value of $975 million. Tom Goeke, Chief Executive Officer of Milacron will lead the combined entity with the support of an outstanding management team with a talented, global team of employees. Bill Barker, President and CEO of Mold Masters will continue to lead that business. More Information: www.milacron.com, www.moldmasters.com |
Milacron LLC, Cincinnati, Ohio, USA
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