Mold-Masters and Milacron merge
Published: February 12th, 2013
Milacron LLC has acquired Mold-Masters creating a global plastics powerhouse boasting a portfolio that encompasses plastics machinery, hot runners, mold base technologies, aftermarket and metalworking fluids. Milacron had the backing of its owner, private equity investor CCMP Capital Advisors.
Under the terms of the transaction, Milacron will acquire 100% of the shares of Mold-Masters for an enterprise value of $975 million. Tom Goeke, Milacron CEO will lead the combined business, while Bill Barker, president and CEO of Mold-Masters will continue to head that unit.
Founded in 1963, Mold-Masters has more than 900 granted and pending patents and manufacturing facilities in North America, South America, Europe, India and Asia. It also has sales and service support in 70 countries. CCMP Capital Advisors LLC acquired Milacrong from Avenue Capital Group in March 2012. Avenue bought Milacron out of bankruptcy in June 2009.
Founded in 1884, Milacron has 22 facilities and more than 2700 employees. The company supplies injection molding, structural foam molding, blowmolding, and extrusion equipment, as well as mold and machine components and industrial fluids, through its two key business areas. The company's integrated business units include Milacron Plastics Machinery, Ferromatik Milacron, DME, Uniloy, Milacron Americas Aftermarket, and CIMCOOL Fluid Technology.
Both companies are currently exhibiting at Plastec West (Feb. 12-14; Anaheim Convention Center), with Milacron at booth #3967 and Mold-Masters at booth #4168.