Milacron Sells Blow Molding Business
Two Investors Take over the Uniloy Brand
Milacron Holdings Corp. will sell its blow molding machines business (Uniloy). According to a press release the machine engineering company entered into a definitive agreement with Osgood Capital Group, LLC and Cyprium Investment Partners, LLC.
Tom Goeke, Milacron President and Chief Executive Officer (CEO), said, "The sale of the Uniloy Blow Molding business is being transacted in the best interests of Milacron, its stockholders, and its customers. This divestiture is consistent with our decision to concentrate on our core industry-leading technologies including Milacron injection molding machines, Milacron extrusion equipment, Mold-Masters hot runner and control systems, DME mold components, and our CIMCOOL fluid technologies." Uniloy is a Milacron product brand since 1998.
The new Uniloy organization will be led by Brian Marston, and he will serve as President and CEO. He has held leadership roles within the plastics and blow molding industry for 35 years and is currently President of Blow Molding and Extrusion with Milacron.
Marston was quoted, “The new Uniloy organization will continue to provide the same high-performance machinery, technical expertise and aftermarket support. We will be working hand in hand with Milacron to make this a seamless transition for our customers. All existing orders will continue to be manufactured to the industry’s highest standards.”
Milacron LLC Head Office
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