Acquisition unites Milacron and Mold-Masters

Milacron LLC and Mold-Masters 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.

“This transaction is a major step in Milacron’s strategic growth plan which reinforces our support of the Company’s exciting prospects and our commitment to leveraging our extensive experience in the plastics industry to help Milacron maximize its global market opportunities and increase its value to customers.”

The transformative transaction will 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 will 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 will provide its customers with market-leading technologies, superb global engineering and R&D leadership. Through their complementary product lines, Milacron and Mold-Masters will 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 will 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 C$975 million.

The transaction, subject to customary closing conditions, is expected to close in the first half of 2013.