Milacron LLC and Mold-Masters 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 transaction is seen as a major step in Milacron’s strategic growth plan. 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. 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. Under the terms of the transaction, Milacron will acquire 100 percent of the shares of Mold-Masters for an enterprise value of C$975 million.
Puma RihannaAcquisition unites Milacron and Mold-Masters
Source:Ringier Release Date:2013-03-07 170
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