Platinum Equity to Buy Husky?
News agency Reuters reported on December 15 that buyout firm Platinum Equity LLC, Los Angeles, CA/USA, is in advanced talks to acquire Husky Injection Molding Systems Ltd, Bolton, Ontario/Canada.
According to sources, Reuters says, Platinum Equity outbid other private equity firms last week, and could reach a deal with Husky’s existing owners, buyout firm Berkshire Partners LLC and the private equity arm of Ontario Municipal Employees Retirement System (OMERS), as early as this month.
However, it is still possible that negotiations end without a deal or that the outcome changes, added the sources, who asked not to be identified for reasons of confidentiality. Husky was acquired by Berkshire Partners and OMERS from private equity firm Onex Corp in 2011.
Husky Injection Molding Systems Ltd.
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