Acquisition Complete for Milacron and Mold-Masters
Milacron LLC, Cincinnati, OH, USA, and Mold-Masters, Georgetown, Ontario, Canada, completes Mold-Masters’ acquisition by Milacron LLC.
The combined entity now consists of five world-class businesses: Milacron Plastics Machinery (Injection, Extrusion and Blow-Molding), Mold-Masters (Hot Runners), DME Company (Mold Technologies), Aftermarket (Parts and Service), CimCool Fluid Technology (Metalworking Fluids and Services).
Under the terms of the transaction, Milacron LLC, backed by affiliates of private equity firm CCMP Capital Advisors, LLC, acquired 100% of the shares of Mold-Masters for an enterprise value of CAD 975 million (USD 950 million).
Tom Goeke, Chief Executive Officer of Milacron LLC will lead the combined entity with the support of a management group. Leadership of Milacron LLC’s individual businesses, including Mold-Masters, will remain the same.
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